新凤鸣(603225.SH)拟投建新凤鸣(埃及)36万吨/年功能性纤维项目 总投资约2.8亿美元

Core Viewpoint - The company plans to enhance its profitability and resource allocation by launching a new functional fiber project in Egypt with an annual capacity of 360,000 tons [1] Group 1: Project Details - The project will be executed by the company's wholly-owned subsidiary, Jiangsu Xintuo New Materials Co., Ltd., which has established wholly-owned subsidiaries in Hong Kong and Singapore [1] - The joint venture in Egypt, tentatively named New Fengming (Egypt) New Materials Co., Ltd., has a registered capital of $14 million, with Hong Kong Industrial holding 70% and Belt and Road Development holding 30% [1] - The total investment for the project is approximately $280 million [1]