Mudanjiang Hengfeng Paper Co., Ltd. (600356.SH) plans to invest 349 million yuan in a new green printing project.
Hengfeng Paper Industry (600356.SH) announced that in order to enhance the company's competitiveness in the tobacco industry and accelerate the strategic layout of diversified products, according to the company's strategic planning, the company plans to invest 349 million yuan to establish a green printing project, producing 800,000 boxes of cigarette labels. This investment will help the company expand its product range beyond tobacco, reduce dependence on a single product, strengthen its competitiveness and risk resistance, and promote the company's long-term, stable, and sustainable development.
Mudanjiang Hengfeng Paper (600356.SH) issued an announcement to enhance the company's competitiveness in the tobacco industry and accelerate the strategic layout of diversified products. According to the company's strategic plan, the company plans to invest 349 million yuan to establish a green printing project, produce 800,000 boxes of cigarette labels. This investment is beneficial for the company to expand its product range beyond tobacco, reduce dependence on a single product, strengthen competitiveness and risk resistance, and promote long-term, stable, and sustainable development of the company.
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