Oriental Shenghong: Signed a cooperation intention agreement with Xuxi New District in Lianyungang, with the project expected to have a total investment of approximately 13.33 billion yuan.

date
10/04/2026
On April 9, 2026, in the announcement of Dongfang Shenghong, the company's third-level wholly owned subsidiary Hongke New Materials signed a "Memorandum of Cooperation Intent" with the Management Committee of the National Eastern, Central, and Western Region Cooperation Demonstration Zone. According to the agreement, Hongke New Materials will invest in the construction of a new petrochemical industry chain quality improvement and efficiency enhancement project in Xuwu New Area, Lianyungang. The total investment of the project is estimated to be approximately 13.33 billion yuan, and the investment period has not been determined. The second party to the agreement will invest in the construction of the new petrochemical industry chain quality improvement and efficiency enhancement project in Xuwu New Area, Lianyungang. The project is expected to have a total investment of approximately 13.33 billion yuan, and the investment period has not yet been determined. The construction is expected to mainly include: 150,000 tons/year TDI, 50,000 tons/year HDI, 300,000 tons/year PC, 240,000 tons/year soda ash, 240,000 tons/year bisphenol A, and a total of 10 key units. This agreement is only an intent agreement, and the signing of this agreement will not impact the company's business independence.