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Singapore-based Jihua Industrial invested in a project to produce 500,000 valve sets a year in Ningjin County, Dezhou, Shandong, with a total investment of USD 16 million including USD 10 million for new CNC equipment. Annual sales are expected to reach about CNY 200 million.
“德州市总投资1600万美元的年产50万套阀门增资项目签约,项目由新加坡集华工业私人有限公司投资兴建。”dezhou.iqilu.com
Summarized from public sources; check the original articles before acting on it.