Yuguang Gold & Lead to Invest 1.93 Bln Yuan in Technical Innovation, and Posts 2016’s Annual Profits up 1311% YoY

SHANGHAI, Apr. 12 (SMM) – Henan Yuguang Gold & Lead plans to invest 1.928 billion yuan in secondary lead recycling and high-efficiency cleaner production technical innovation project in Jiyuan Yuchuan Industrial Park.

After the completion, the company will produce 160,000 tonnes of refined lead, 186,000 tonnes of sulfuric acid, 24,000 tonnes of zinc hypoxide, 2,576 tonnes of anode slime, 20,000 tonnes of copper dross and 20,000 tonnes of oxidizing slag per year, with sales revenue at 5.377 billion yuan and profits at 211 million yuan.

In other news, Henan Yuguang Gold & Lead reported profits at 176 million yuan in 2016, up 1311% YoY.

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