Financial Wire

TBEA to Build Xi'an Industrial Park for 1.19 Billion Yuan

-- TBEA (SHA:600089) plans to invest 1.19 billion yuan for the construction of the Xi'an smart manufacturing park, according to a Shanghai bourse filing on Thursday.

The construction will include building capacitor and reactor workshops, joint utility stations, warehousing area, office buildings and guard facilities and other equipment.

The industrial park will annually produce 30-kilovolt-ampere reactive of oil-immersed capacitors, 50 million kvar of dry-type capacitors, 632 units of iron-core reactors, 4,918 units of air-core reactors and 318 units of high-voltage shunt, bridge-arm, smoothing and other special reactors.

The electrical components manufacturer's shares fell 2% during the afternoon trade.

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TBEA to Build Xi'an Industrial Park for 1.19 Billion Yuan | Financial Wire