COFCO Technology (00093 0.SZ) plans to invest 185 million yuan to expand the COFCO Biochemical (Chengdu) 150,000 tons/year starch sugar project

Zhitongcaijing · 07/01 09:57

According to the Zhitong Finance App, COFCO Technology (000930.SZ) announced that in order to improve the industrial layout of the starch sugar business, increase market share, and enhance market competitiveness, the company plans to invest and expand the 150,000 tons/year starch sugar project of COFCO Biochemical (Chengdu) Co., Ltd., with a total investment of 185 million yuan.

According to the announcement, demand for fructose syrup in the southwest region is rising year by year, with demand in Sichuan Province growing particularly clearly. Market research shows that the total demand for fructose syrup in the southwest region will reach more than 500,000 tons in 2028. Among them, demand for fructose syrup in Sichuan Province will increase particularly significantly, with an average annual increase of more than 4%. COFCO Biochemical (Chengdu) Co., Ltd.'s production capacity for fructose syrup is insufficient, making it difficult to support the continued expansion of the fructose syrup business and further increase its domestic market share.

COFCO Biochemical (Chengdu) Co., Ltd. has reserved construction land and related supporting facilities to basically meet the construction needs of the project; the fructose syrup process technology is basically mature and stable, and the project actively introduces new technologies and processes, which can reduce production and processing costs.