Shenzhen Tejia Technology Co., Ltd. announced on January 2, 2014 that it intends to raise funds by not issuing more than 67.5 million shares to non-public offerings of not more than 10 specific objects at prices not lower than 7.13 yuan per share. Not more than 481 million yuan, it will be used for the "Terjia production base construction first phase" project. According to the announcement, the total investment of the project is 562 million yuan, and the company promised that the insufficient funds will be self-financing. After the project is completed, it can form an annual capacity of 100,000 sets of hydraulic retarder. According to preliminary estimates, after the project reaches its capacity, it will increase sales revenue by approximately 1.22 billion yuan and net profit by 160 million yuan. Terjia stated that trucks, special operating vehicles and all dangerous goods transport vehicles required by the national standard GB7528-2012 should be equipped with retarders or other auxiliary braking devices. The above regulations shall be implemented as of September 1, 2012. The provisions concerning compulsory equipment retarders or other auxiliary braking devices shall be implemented for the new production vehicle in the 25th month from the date of implementation of the standard, that is, in October 2014. At present, the company has 50,000 sets of eddy current retarder production capacity, once the market demand is released, the company's existing production capacity will face a large gap, so it is urgent to build Telgar production base and expand production capacity. It is predicted that the annual demand for OEM market retarder will reach 221,000 units, 485,400 units and 651,700 units respectively in 2014-2016. Terjia believes that the company’s products currently account for approximately 40% of the domestic market for the vehicle retarder. When the construction of fund-raising projects is completed and the production capacity of 100,000 hydraulic retarders is gradually released, the company’s total production capacity should be in the market. Less than 20% of demand is fully digested by the market. We can make different kinds of Metal Leg,Steel Leg,Stainless Steel Leg,Aluminum Leg,Industrial Straight Legs,Furniture Leg,Table Leg,Leg Support,Leg Bracket,Leg for you. Metal Leg,Steel Leg,Stainless Steel Leg,Aluminum Leg,Industrial Straight Legs,Furniture Leg,Table Leg,Leg Support,Leg Bracket,Leg Brace MGX Metalworks Co., Ltd. , https://www.mgx-metal.com