It is reported that Avic Heavy Machinery plans to invest CNY 678 million to build a screw press production line and a special material purchasing and processing center.

The screw press production project which costs CNY 178 million and has a construction period of two years has an estimated internal rate of return of 11.86%. The project will cut energy use.

The CNY 500 million special material centers which will be fully assembled in one year is expected to have an IRR of 34.16%. The company hopes it will improve its competitiveness in the forging market.

(Sourced from p5w.net)