Gulf Resources (GURE) Provides Update on the Yuxin Chemical Factory
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Gulf Resources Provides Update on the Yuxin Chemical Factory
February 9, 2024 8:30 AM ESTSHOUGUANG, China, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (Gulf Resources or the Company), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it would like to update shareholders on the status of the Yuxin Chemical factory.
At this time, the company has still not ordered the delivery of the remaining equipment for the factory while it evaluates market opportunities.
The Chinese economy is currently weak. The weakness is especially significant in the housing market, which is a significant... More