August 15 -- Zhangjiagang Furui Special Equipment (RCode:300228) plans to invest 62.18 million yuan taken from funds raised in its initial public offering IPO to build the second phase of its liquefied natural gas (LNG) facilities, reports yicai.com, citing the company’s announcement. The construction area of Furui Equipment’s LNG program is 23,333.1 square meters.

The company plans to spend 64 million to purchase LNG equipment production facilities and construct four LNG plants, with daily capacity of 50,000-150,000 sets for every piece of equipment, and it plans to build 20 LNG filling stations. The LNG program is expected to contribute 186 million yuan to Furui Equipment’s revenue.