Daxin Materials (TPE:5234) is slated to construct a new plant on leased land at the Kaohsiung Ciaotou Science Park for a projected investment of around NT$2.2 billion, according to a Wednesday filing with the Taiwan Exchange.
The investment will fund the expansion of production capacity and operation facilities to support long-term growth.
The specialty chemicals maker will fund the plant through internal resources, bank borrowings and other financing sources.
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