China Drying Network Recently, the board of directors of Luxi Chemical Group Co., Ltd. disclosed that in order to further optimize and adjust the company's product structure and continuously launch new products that meet the market demand, the company plans to invest 600,000 tons/year of nitro compound fertilizer project.

According to the announcement, in order to meet the market differentiation needs and fully utilize the company's management advantages and sales channels, Luxi Chemical will adopt advanced clean production and energy-saving technologies for the construction of production devices. By the Liaocheng Urban Development and Reform Commission for the record, the total investment of the company's nitro-compound fertilizer project is 222 million yuan, which will be completed in one year. After the completion of the project, the estimated annual sales income will be 1.7 billion yuan. It is understood that the project will be built in the Luxi Chemical New Material Industrial Park, covering an area of ​​42 acres. The project construction and use of funds will mainly be through enterprise self-raising and bank loans to ensure the smooth implementation of project construction.

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