Henan Coal and Chemical Industry to invest RMB 22.37-bln in new projects

Henan Coal and Chemical Industry Group Co Ltd (HNCC), a state-owned enterprise with registered capital of RMB 12.2 billion, has started 15 projects worth RMB 22.37 billon in total, sources reported.

The 15 projects include 9 chemical projects together worth RMB 16.84 billion and 4 coal projects worth a total of RMB 4.22 billion. The remaining RMB 514 million and RMB 790 million will be invested in a recycling project and a nonferrous metal project, respectively.

In 2009, HNCC plans to start 73 projects worth RMB 62.07 billion in total and intends to invest RMB 12.79 billion. The estimated operating revenue of the group for this year is RMB 100 billion.

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