Gulf Resources says closing certain factories to meet new environmental rules in China [Reuters]
Gulf Resources, Inc. (GURE)
US:NASDAQ Investor Relations:
gulfresourcesinc.com
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Source: Reuters
Gulf Resources Inc (GURE.OQ) Key Developments | Reuters.com Sept 7 (Reuters) - Gulf Resources Inc ::Gulf Resources announces the closing of its bromine, crude salt and chemical factories for rectification and improvement in order to meet the new environmental rules in China.While there is no way of knowing how much all of steps relating to closure will cost, co believes it could be between $15 and $30 million?.On Sept 1, got letters which stated that to improve safety of chemical enterprises, plants are requested to stop production.Local government requested that facilities be closed, so that facilities can undergo inspection and analysis?.Letters stated that plants to perform rectification, improvements in line with China's new safety, environmental protection requirements?.Over short term, prices of commodities to increase as there are temporary shortages.At this time, co does not know timing of further inspections/cost of remediation, improvement, nor how long factories will be clo
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GURE
Sec Filings
- 4/16/24 - Form 8-K
- 3/28/24 - Form NT
- 1/30/24 - Form 8-K
- GURE's page on the SEC website