Shaanxi Blower Group announced on September 29 that the company plans to invest in the construction of the Shaanxi Blower High-End Equipment Industry Innovation Research Center, with an investment amount not exceeding 673 million yuan. The project is located in the Xi'an High-tech Zone, with a total construction area of about 83,400 square meters and a construction period of 34 months. The funding source is self-raised by the enterprise. The proposal has been approved by the board of directors and still needs to be submitted to the shareholders' meeting for review. The project aims to enhance core technology research capabilities and support the company's third strategic transformation.
XiAn Shaangu Power Co LtdShaanxi Blower Group plans to invest up to 673 million yuan in a high-end equipment innovation research center, a capex commitment supporting its third strategic transformation.
