GIHUG and Yingshang Circular Economy Park signed a cooperation agreement on special lubricants project

May 8, 2019

On May 8, 2019, GIHUG (Shanghai) Investment Holding Co., Ltd. and Anhui Yingshang County People's Government Investment Promotion Department reached an agreement on the special lubricant project. GIHUG plans to invest 100 million yuan to requisition 30 acres of construction land in Yingshang County, with a total construction area of 11055 square meters, and build a second production base of special lubricants such as high-density oxidized polyethylene wax. The signing ceremony of the project was held in the Management Committee of Yingshang Circular Park. Yu Xiaohui, deputy director of the Management Committee of the Shangshang Circular Economy Park, Wang Yang, deputy director of the Investment Promotion Center of the County, Zhang Guofa, CEO of gihug (Shanghai) Investment Holdings Co., Ltd. attended the signing ceremony. ceremony. After the completion of the project, it is estimated that the annual operating income will reach 230 million yuan, the national tax will be 8-10 million yuan, and the number of newly-employed people will reach hundreds.