broadway alloy (601137.sh) announced on the evening of 9 intends to use its own funds to invest an additional annual production capacity of 15,000 tons of of deformed zinc alloy material production line project, project construction funds increased from 115.95 million yuan to 225.06 million yuan.the total investment of 145.28 million yuan, including construction investment of 115.95 million yuan, as of december 31, 2011, the company has invested 59,123,500 yuan, 86,156,500 yuan left to the subsequent construction of the remaining funds raised invested.after the implementation of the additional investment amount, the project total investment rose to 264.86 million yuan.according to the announcement, the company adjust the project part of the equipment selection, production line equipment using foreign imports, lead to equipment cost increase than expected; due to geological reasons, lead to project construction engineering fees, engineering design other costs rise; due to production capacity and cost reasons.company additional input capacity from 15,000 tons to 18,000 tons, while raw materials and rising labor costs lead to increased project liquidity needs.powerway alloy alternative project is put into the lack of company in the field of low-end copper alloy products, to provide customers with a full colored alloy materials, expanding the company's share in the market, so as to enhance the overall competitiveness of the company's products.site for information purposes only and does not constitute investment advice.investors operate your own risk.
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