Baose Shares announced plans to invest in the Baose High-End Oversized Equipment Intelligent Manufacturing Project in the Nanjing Jiangning Binjiang Economic Development Zone, with a total investment of 970 million yuan and covering an area of about 176 mu. The project has a construction period of 36 months, funded by raised capital and self-owned funds. Upon reaching full production, it is expected to form an annual production capacity of 25,000 tonnes of large non-standard equipment, generating an additional annual output value of 1.41 billion yuan and annual tax revenue of 62 million yuan. The matter is still subject to approval by the company's shareholders' meeting.
Nanjing Baose Co LtdCompany announces large investment in manufacturing project, expected to boost capacity and output value.