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Services :: Financial
Gulf Resources Acquires Bromine Production Plant
8:36 AM MST | January 4, 2012 | Vincent Valk
A subsidiary of Gulf Resources (Shandong, China) has acquired a bromine production facility from a private individual in China for $10 million, the company says. The plant will add 3,000 tons/year of bromine capacity, bringing Gulf’s total capacity to 44,547 tons/year. It is expected to add about $2.25 million in annual gross profit, Gulf says. The plant is located near Yangkou Village, in Shougang City Yangkou Township, China. Gulf is planning to update the facility’s production assets and resume production there in the first quarter of next...
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