First Phase of Yantai Great Wall Expansion Project Completed

The first phase of the project to expand the facilities of the Great Wall (Yantai) Winery, Ltd. has been completed. The first phase of the project required a total investment of 120 million yuan to build the steel framework for a 6,600 square meter fermentation room, set in place the steel columns for a 19,000 square meter bottling and refrigeration facility and complete work on the bases for fermentation tanks. The project is scheduled to go into operation in November of this year.

The main individual items in the expansion project include a new 12,000t fermentation station, a 12,000 bottle/hr bottling line and a 20,000 ton wine tank facility plus a 26,000 square meter plant. When the new facility goes into production it will add another 30,000 tons of annual capacity, increase annual sales volume by 600 million yuan and generate tax and profits amounting to an annual 300 million yuan.

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