August 23 -- Shenzhen MYS Environmental Protection and Technology (002303) plans to invest 350 million yuan to build environmentally friendly package factories of in Zhengzhou city, Henan province, in order to explore the northern China market, reports yicai.com, citing a company filing.

To that end, MYS Environmental plans to set up a subsidiary called Zhengzhou MYS Environmental protection and Technology, and the factory’s construction period is 18 months. This subsidiary will produce medium and high-end packaging products and provide packaging product logistics services.

Separately, MYS Environmental signed an agreement with the Zhengzhou Airport Authority yesterday.

Source:capitalvue