Official commencement of the second phase of 100,000 tons annual production cassava modified starch and supporting project of Guangxi Agricultural reclamation Bureau in Qui Nhon, Vietnam

    On October 19, the second phase of 100,000 tons annual production of cassava modified starch and supporting project of Guangxi Agricultural reclamation Bureau in Qui Nhon, Vietnam was officially commenced. This project is invested by Guangxi mingyang Biochemistry Sci-Tech Co., Ltd. and supervised by our company. The total planned investment of this project is USD 51,420,000 (about RMB 324 million), covering a land area of 300ha. This project is mainly to produce modified starch products, which are to be used in papermaking, food, construction materials, feed and medicine industry. When the construction of this project is completed, USD 128 million annual sales revenue and USD 17.82 million total profits could be realized. Since the establishment, this project has got the great support from governments in both countries.