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News Breaks
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June 23, 2011
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| 09:14 EDT |  | FFHL |
| theflyonthewall.com: | Fuwei Films gets EUR10.7M letter or credit to purchase new production equipment | | Fuwei Films announced that its wholly-owned subsidiary, Fuwei Films Shandong Co., Ltd. has obtained a EUR10.7M Letter of Credit from Bank of China, Weifang Branch to use towards purchasing new production line equipment, including self-funded EUR7.37M and EUR3.33M credit line from Bank of China, Weifang Branch. Fuwei Films previously announced that it entered into a contract with Lindauer Dornier GmbH, a German equipment supplier, to purchase equipment for its thick-film BOPET production. The total amount to purchase the new production line equipment is EUR16.45M. Prior to that, a prepayment of EUR5.08M has already been made by Shandong Fuwei. :theflyonthewall.com |
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