Shares in Titan Wind Energy Creep Up on Plans for USD230 Million Factory
Tang Shihua
DATE:  Jan 09 2020
/ SOURCE:  yicai
Shares in Titan Wind Energy Creep Up on Plans for USD230 Million Factory Shares in Titan Wind Energy Creep Up on Plans for USD230 Million Factory

(Yicai Global) Jan. 9 -- Shares in Titan Wind Energy Suzhou have crept up this morning after the wind tower specialized said that it plans to build a CNY1.6 billion (USD230 million) production center to make equipment for offshore wind farms.

Its stock [SHE:002531] was up 0.6 percent at CNY6.69 (96 US cents) as of 11.13 a.m.

The new facility in Sheyang county, Jiangsu, will provide 250,000 tons of equipment a year, it said in a statement last night that touted the area's offshore wind energy resources.

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Keywords:   New Factory,Wind Tower,Offshore Wind Farm,Sheyang,Titan Wind Energy