Yichang Chufeng Mining will become the largest kaolin processing enterprise in Hubei Province

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China Drying Technology Co., Ltd. invested RMB 450 million in Yichang Chufeng Mining Co., Ltd. to start construction in Yaojiagang Fine Chemical Industrial Park in Zhijiang, Hubei Province, and will become the largest kaolin processing enterprise in Hubei Province after completion. It is understood that Yichang Chufeng Mining Co., Ltd. has invested 450 million yuan to cover 100 acres in Yaojiagang Fine Chemical Industrial Park, which will be constructed in two phases. The first phase will invest 150 million yuan to build an annual output of 100,000 tons of glass fiber-based micropowder. After the completion of the project, it can realize sales revenue of 250 million yuan and profits and taxes of 50 million yuan. The second phase plans to invest 300 million yuan to reach an annual output of 200,000 tons of calcined kaolin and ultra-fine modified powder. The annual sales income will reach 560 million yuan, and profits and taxes will reach 120 million yuan.

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