Oriental Distilles 473 Million Yuan to "cut in" Solar Energy Industry

On June 3rd, the Fourth Extraordinary Shareholders' General Meeting of Ningxia Dongfang Fuye Co., Ltd. passed a total investment of 473 million yuan to build an “annual output of 12,000 tons of high-strength cutting line for solar wafers” announcement. The project covers an area of ​​72,000 square meters and the construction period is 22 months. It is expected that after the completion of production, the annual sales income will increase by 1 billion yuan and the newly added profit will be 347 million yuan.

Prior to this, Oriental Diye had entered into the photovoltaic industry. Its subsidiary, Ningxia Dongfang Nanxing Grinding Materials Co., Ltd. was a joint venture between Dongfang Yuye and Japan Nanxing Co., Ltd. It is a specialized manufacturer of semiconductor materials such as crystalline solar silicon for photovoltaic solar cells. Cutting special silicon carbide blade manufacturers.