Suzhou Hailu Heavy Industry (SHE:002255) will invest 400 million yuan to construct a fourth-generation nuclear power facility in Zhangjiagang, Jiangsu, China, according to a Friday filing with the Shenzhen Stock Exchange.
The facility will produce 150 sets of nuclear-grade equipment, including nuclear fission reactors, fourth-gen high-temperature gas-cooled and sodium-cooled fat rectors, hanging baskets for in-core components, and other nuclear-grade pressure vessels, among other equipment, every year.
Once production goes in full swing, Hailu is seen to rake in 600 million yuan in additional revenue from the project.
Shares slipped 1% during Monday's late morning trading.
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