Guilin Fuda Plans 880 Million Yuan Crankshaft Projects

MT Newswires Live

Sep 18

Guilin Fuda (SHA:603166) said it planned to invest 880 million yuan in two marine and power crankshaft projects, according to a Friday filing with the Shanghai bourse.

The auto parts and components maker planned to invest 629 million yuan for its large-scale marine engine crankshaft intelligent production line project, which is slated to last 20 months and have an annual production capacity of 15,000 units.

It also plans to invest 251 million yuan for its large marine and power crankshaft precision forging project, slated to last 15 months, and have an annual production capacity of up to 20,000 units of forgings.

Shares of the auto parts and components maker rose nearly 2% in recent trade.

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