On October 8th, Shao Chengwang, Deputy General Manager of CC7, signed an EPC contract for phosphorus chemical demolition/new construction project of Sichuan Gaoyu Chemical Co., Ltd. on behalf of CC7， with a contract amount of 3 billion yuan.

It is planned to dismantle the original phosphating plant, relocate it to Chemical Industry Park in Ya’an City, Sichuan Province where the project is located, and then build a new phosphating plant mainly producing industrial-grade ammonium phosphate. The whole project is scheduled to be completed by 2025, which will not only fill the gap in the domestic ammonium phosphate market but also increase a large number of positions, thus promoting the economic and social development of Ya'an.