Litech Optoelectronics: Its Holding Subsidiary Intends to Invest 1 Billion Yuan in a Quartz Cloth R&D Hub and Production Facility
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Author:小编   

Litech Optoelectronics (688150.SH) has officially declared that its majority-owned subsidiary, Litech Kuashi, is set to initiate the 'Litech Optoelectronics Quartz Cloth R&D Center and Production Base' endeavor within the Xi'an High-Tech Zone. This project will encompass the full spectrum of activities related to quartz fiber electronic cloth, including its research and development, manufacturing, and marketing. The anticipated total investment for this ambitious project stands at 1 billion yuan, which will be rolled out in two to three successive phases. The inaugural phase will see an infusion of around 400 million yuan, with subsequent phases being contingent upon production capacity and prevailing market conditions. The entire project is slated for completion within a timeframe of two to three years.