Ascent expects that “certain components” of the factory there will be in operation by 1 April 2015.
Last December, Ascent and the Suqian Municipality of Jiangsu Province agreed to create a Joint Venture to build the plant, in which Suqian would provide a cash injection of $32.5m. The local authority also agreed that Ascent could use the facility free of charge, granted it a 5-year tax holiday and trade incentives.
Ascent,
