ACEALL GROUP is mainly engaged in the deep processing of chestnut and promotes the development of China's chestnut industry with a total investment of 530 million yuan. The first phase of the investment is 150 million yuan, mainly for the construction of chestnut storage and chestnut deep processing production line and the research and development of chestnut products.
The second phase investment is 380 million yuan, mainly for the improvement of chestnut varieties and the construction of chestnut base. Based on Changcheng County, it will drive the southern mountainous areas, expand the scale of chestnut planting, and cultivate raw material bases for organic products.
ACEALL was put into operation at the end of December 2010. After the project is put into production, the annual processing of chestnuts will be 20,000 tons, the output value will be 600 million yuan, the profit and tax will be 80 million yuan, and the planting area of 50,000 mu of chestnut will be digested, thus driving farmers to increase their income.