RMB5 Billion Salt Chemical Project Launched in Henan   

The salt chemical project, a total investment of RMB5 billion by East Hope Group, has been recently put into construction in Pingdingshan Chemical Industry Cluster District, Pingdingshan, Henan province. Mr. Liu Yongxing, chairman of East Hope Group and Mr. Zhao Shuolin, chairman of Pingdingshan city both attended in the opening ceremony of project.
    The salt chemical project is the first launching project in Pingdingshan Chemical Industry Cluster District, which is set to concentrate on the development of coal chemical, salt chemical and fine chemical, and was expected to be a big coal and salt chemical base in the central of China. After completing the salt chemical project, East Hope Group will be able to provide 1.2 million tons of salt, 300 000 tons of caustic soda and 360 000 tons of PVC every year. For the financial side, East Hope Group will benefit RMB3 billion annually from sales of salt products, including RMB350 million taxes, and also bring 1500 working positions.