Three Gorges New Materials (600293.SH) subsidiary plans to invest no more than 199 million yuan to build the Hongyantou glass sandstone mine mining project

Zhitong Finance App News, Sanxia New Materials (600293.SH) announced that in order to improve the self-sufficiency rate of the company's high-quality silica sand raw materials, further reduce production costs, ensure the continuous and stable supply of raw materials for the company's glass production line, and improve the upstream layout of the glass industry chain, the company plans to invest no more than 199 million yuan (including the mining rights auction price) to build a sandstone mining project for Hongyantou glass through its wholly-owned subsidiary Sanxia Silicon (Yichang) Co., Ltd. (“Silicon Industry Company”). After completion, the project will establish a mining capacity of 2 million tons of raw glass sandstone ore per year, providing a stable guarantee of high-quality raw materials for the company's glass industry.