Ninestar Plans to Invest US$1.4 billion to Start the Project Of High-Tech Equipment and Intelligent Manufacturing of Laser Printer

On the evening of April 9th, Ninestar announced that the corporation has signed an agreement with Administrative Commitee of Gaolan Port Economic Zone to start the project of High-Tech Equipment and Intelligent Manufacturing of Laser Printer in Zhuhai.

The total investment is US$1.4 billion. The construction time will be 8 years. The project is aiming for achieving an annual production capacity of 4 million printers and the annual output value about US$3.2 billion. The annual tax revenue will be up to US$80 million.

The government and commitee of Gaolan Port Economic Zone will provide Ninestar the support fund of  US$130 million and  US$63 million for the phase I Project and Phase II project. The total support will be adjusted as needed.