Stock News: CG Tech to invest 65 mln yuan in new plant!

CG Technologies Holdings said it will invest 65 mln yuan in constructing a new manufacturing plant for polyester short fiber (PSF), for which it has obtained the necessary permits. Construction will start next month. It said the plant will have the capacity to produce about 7,500 tons of polyester short fiber annually. CG Technologies manufactures and distributes of polyethlylene terephthalate (PET) chips and yarn for the textile industry in China