Sinochem New Network News has signed a contract for a fine chemical project with an investment of 300 million yuan by Hubei Rui Strontium Technology Co., Ltd. and Yichang Renfu Pharmaceutical Co., Ltd. to settle in Yidu, Hubei Province.

It is understood that the fine chemical project is jointly invested and constructed by Hubei Rui Strontium Technology Co., Ltd. and Yichang Renfu Pharmaceutical Co., Ltd. The project is located in Sanbanhu Village, Zhicheng Town. 1,000 tons of pesticide intermediates READP and 500 tons of pesticide raw materials YMHA project; the second phase invested 180 million yuan to expand the annual output of 2,000 tons of pesticide raw materials YMHA and pharmaceutical intermediates. After the completion of the project, the total annual production capacity of high-grade fine chemicals can reach more than 5,000 tons, and the annual sales income can reach 1 billion yuan.