Shandong Head Group Plans 500-Million-Yuan Investment in US Capsule Plant

MT Newswires Live

2024/12/17

Shandong Head Group (SHE:002810) intends to invest up to 500 million yuan in the construction of a capsule factory in the US to enhance market share.

The plant has a planned capacity of 20 billion capsules per year, according to a Tuesday filing with the Shenzhen bourse.

Construction is slated for completion in about 20 months, with production targeted in 2026.

Shares of the chemical maker closed 3% lower Tuesday.

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