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shandong daye (603278): Construction of production base in Morocco helps company's overseas business growth
Event: The company issued an announcement on the investment and construction of the Morocco production base project and the Q3 24 quarterly report. As of Q3 24, the company achieved revenue of 3.84 billion yuan for the year, a decrease of 7.97% year-on-year; achieving a net income of -1 for the parent company.
Shandong Daye Earmarks 1.5 Billion Yuan to Build Morocco Plant
Daye Co., Ltd. Report for the third quarter of 2024
Shandong Daye: plans to invest 1.485 billion yuan in the construction of a production base project in Morocco.
Gelonghui October 29th | shandong daye announced that the company plans to invest approximately 1.485 billion yuan to build a production base in Morocco, including a project to produce 0.1 million tons per year of tire cord steel wire and a project to produce 100,000 tons per year of steel curtain wire, to be built in two phases. The first phase involves an investment of approximately 0.85 billion yuan to construct a project to produce 0.04 million tons per year of tire cord steel wire and 40,000 tons per year of steel curtain wire.
Express News | Shandong Daye: plans to invest 1.485 billion yuan to build a production base in Morocco
Shandong Daye's 2024 semi-annual report
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