Lucky Film to Build TAC Film Plant for 98 Million Yuan

MT Newswires Live

01/14

Lucky Film (SHA:600135), through unit Lucky Optoelectronic Materials, proposed to invest 97.7 million yuan for the construction of a triacetyl cellulose (TAC) film coating production line, according to a Wednesday disclosure on the Shanghai bourse.

The project, which will have an annual production capacity of 18 million square meters, will be located in the Sucheng Economic Development Zone, Suqian City, Jiangsu Province, China.

The construction of the project will take 24 months.

The Chinese film manufacturer's shares fell less than 2% during the midday trade.

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