Kangxin New Material (600076.SH) subsidiary plans to implement a project for upgrading and transforming a new composite material production line for modern transportation equipment with an annual output of 120,000 m3.

Intelligent Financial News APP, Kangxin New Materials (600076.SH) announced that, in response to the national green low-carbon and intelligent manufacturing policy guidance, to promote the optimization of the company's product structure and technological upgrading, enhance the competitiveness and profitability of the container flooring business, the company's wholly-owned subsidiary Jiashan Xinhua Chang Wood Co., Ltd. (referred to as "Xinhua Chang Wood") plans to implement a project to upgrade and transform the modern transportation equipment new composite materials production line with an annual output of 120,000 m3. The total investment is 50.4 million yuan, with a construction period of 9 months.