On September 7, Sinochem International (600500.SH) issued an announcement stating that the company's controlling subsidiary, Shengao Chemical, and the Ningyang Economic Development Zone Management Committee signed the "Investment Intent" in written form in Tai'an City, Shandong Province. In order to promote local economic development and industrial transformation, strengthen cooperative relations, promote mutual complementarity, achieve mutual benefit and win-win results, and accelerate the implementation of the Shengao Chemical Rubber Auxiliary Chemical Industry Chain Construction Project, Shengao Chemical plans to invest in the construction of rubber The agent industry chain construction project has a total land use area of approximately 800 mu and a total investment of approximately RMB 3.6 billion.
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