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Hubei Jingshan will invest 50million yuan in paper machinery project

g Jingshan (000821) is a leading enterprise in China's paper packaging machinery industry. The project "development of key technologies for the preparation of polyurethane energy-saving insulation materials by replacing harmful raw materials with biological materials" completed by researcher Zhou Yonghong and his team of the Institute of forestry and chemistry of the Chinese Academy of forestry won the second prize of Jiangsu provincial scientific and technological progress award in 2013, and the country's largest production base and export base of carton and carton packaging machinery, The "National Torch Plan key high-tech enterprise" currently occupies more than 65% of the domestic market for similar products, while it is in an absolutely dominant position in the domestic corrugated board complete equipment field. At present, the market share is about 60%, ranking first in the same industry

the board of directors of the company passed the appearance quality case of investing in the paper machinery project in Jingshan, Hubei Province. The total investment of the project is planned to be 50million yuan. After completion, the annual production scale will be 6 paper machinery production lines, which directly becomes the new profit growth point of the company

in addition, the company and American paper products packaging machinery giant Sun company have acquired another international industry brand, American leiston. At present, the company is restructuring its products and can be put into mass production in October. This product is mainly used for export to the European Union. The market prospect is excellent, and it is expected to bring huge profits to the company to achieve the purpose of deicing. (Sheng Xin)

source: Qilu Securities

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