Chinese Giant Stones: Giant Stone Egypt plans to invest $89.97 million in a technological transformation project.

China Stone Notice, Egypt Glass Fiber Co., Ltd. plans to increase the annual production capacity of the 80,000 ton pool kiln drawing production line to 100,000 tons through technological transformation, and at the same time build a production line for Egyptian calcined dolomite. The total investment of the project is 89.97 million US dollars, of which the investment amount for the production line transformation project is 83.1469 million US dollars, and the investment amount for the calcined dolomite production line is 6.8322 million US dollars. The project construction period is within 1 year, and the average return on investment is expected to be 29.78%.