Shutai Invested $ 43 Million for New Materials & New Energy Project Settled in Daying

　　November 2, 2016, Shutai signed a contract of new materials & new energy projects with the Daying People's Government in the Western China International Fair, which allowed Shutai to build a project base in the industrial zone. The project covers an area of 150 acres, concluding seven production lines. It was estimated that the first phase investment in project was $ 43 million. By the time the project is completed, it could achieve sales volume of $ 143 million, profit and tax of $ 17 million.

　　The project was intended to build a refining catalyst production line, the catalyst production line of carbon emission reduction, high temperature nanometer material production line, methanol to hydrogen catalyst production line & etc. After completing, it will fill the gaps in domestic carbon emission reduction. To finish the project, we will also recruit a lot of high-tech talent and use advanced production technology and management measures. It also will enhance Shutai's technological innovation capability, social and economic benefits.

　　At the signing ceremony, Zhai Zhanyi, Vice Chairman of Sichuan Provincial CPPCC, Zhao Shiyong, Secretary of Suining municipal party committee and other government officials made a speech. They had expressed confidence that Shutai will do better.

Figure 1 speech by Zhai Zhanyi, vice chairman of Sichuan Province

Figure 2 speech by Zhao Shiyong, Secretary of the Suining Municipal Committee

Figure 3 former United States general (GE) industry president, now president of KSC company Gu Kaihong speech