The subsidiary company plans to set up Blue Star East University for 100 million
Shenyang Chemical Industry (000698) announced on the evening of September 3 that Shandong Dongda, a holding subsidiary, intends to invest 100 million yuan to establish Bluestar Dongda in Huantai County, Zibo City, Shandong Province. It is reported that the main business of Bluestar East includes the production and sale of polyether polyols, crude potassium sulfate and crude phosphate. Shenyang Chemicals said that the project products mainly radiate the high-end polyether polyol market in East China and North China. Huantai County of Zibo City has the advantages of logistics cost, raw materials, market and transportation, which has a positive significance for the company's future business development.
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