Shenzhen Selen Science & Technology (002341) intends to invest 500 million yuan to establish an industrial park in Tianjin, reports Yicai.com, citing a company filing.
The company will construct a 151,860-square meter industrial park that will include centers for purifying equipment, clean room equipment and cleaning services. The project, which entails a construction period of 18 months, is expected to generate sales revenue of one billion yuan and net profit of 104.07 million yuan after completion. The estimated investment payback period is 5.7 years, with an investment income rate of 21 percent.
Selen Technology was founded in 2002 and produces static contamination control and clean room solutions.
