Hengerda New Materials Fujian Acquires Land Use Rights for Precision Component Expansion

Trading View
2025.07.18 10:25
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Hengerda New Materials Fujian acquired land use rights for two industrial parcels in China's Fujian province for 46.8 million yuanThe parcels, located in Putian's Licheng district, cover 89,119 square meters, according to a filing with the Shenzhen bourse. The company plans to build or expand production facilities for high-precision rolling components and localize manufacturing of German precision grinders. Shares of the metalworking machinery maker closed 2% lower Friday.

Hengerda New Materials Fujian acquired land use rights for two industrial parcels in China's Fujian province for 46.8 million yuan

The parcels, located in Putian's Licheng district, cover 89,119 square meters, according to a filing with the Shenzhen bourse.

The company plans to build or expand production facilities for high-precision rolling components and localize manufacturing of German precision grinders.

Shares of the metalworking machinery maker closed 2% lower Friday.

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