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(Yicai Global) Oct. 20 -- Shares in Shengjian Environment Technology surged by the exchange-imposed limit today after the Chinese provider of environmentally-friendly industrial waste gas treatment solutions said a unit of semiconductor equipment manufacturer Naura Technology Group has ordered CNY100 million (USD14 million) worth of gas scrubbers.
Shengjian Environment’s share price [SHA:603324] soared 10 percent to close at CNY43.68 (USD6) while Naura’s stock [SHE:002371] also jumped 10 percent to end the day at CNY265.10 (USD36.68).
Unit Shanghai Shengjian Semiconductor Technology will provide Beijing Naura Microelectronics Equipment with gas scrubbers that remove toxic waste gases generated during the silicon wafer production process, the Shanghai-based company said yesterday. The gas scrubbers will be installed along Naura Microelectronics’ wafer production line.
The efficiency of the scrubber is directly linked to the lifespan of the processing equipment, output capacity, staff health and improved environmentally friendliness, the firm said.
No details of the order quantity nor the delivery timeline were provided but Shengjian Environment said the unit will complete handover by the deadline agreed in the contract.
Shengjian Environment’s scrubbers are as good as any overseas equivalent, a senior executive said previously. As China’s chipmaking sector booms, the Shanghai-based company is enjoying a rare growth spurt.
Editor: Kim Taylor