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China Sanjiang Fine Chemicals Co., Ltd. ( (HK:2198) ) has issued an update.
China Sanjiang Fine Chemicals Co., Ltd. has entered into an Energy Management Agreement with Haoxing Energy Conservation to enhance the energy efficiency of its 6th phase EO/EG production facilities. The agreement involves the installation of Haoxing’s self-developed equipment to improve the output efficiency of drive motors and cooling equipment, enabling significant electricity cost savings for Sanjiang Chemical. This strategic move is expected to optimize operational costs and strengthen the company’s market position by leveraging advanced energy-saving technologies.
More about China Sanjiang Fine Chemicals Co., Ltd.
China Sanjiang Fine Chemicals Co., Ltd. operates in the chemical industry, focusing on the production of ethylene oxide and ethylene glycol (EO/EG). The company is involved in the development and management of chemical production facilities, with a market focus on energy efficiency and cost-saving technologies.
Average Trading Volume: 278,158
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.07B
See more data about 2198 stock on TipRanks’ Stock Analysis page.