Benzinga | Aug 18, 2021 07:43AM EDT

ReTo Eco-Solutions Enters Construction Stage Of Iron Tailings Project

ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that the Company, through its wholly owned subsidiary ReTo Mingsheng (Changjiang) Environmental Building Materials Co., Ltd., has entered comprehensive construction stage of a new iron tailings project (the "Project") in the Hainan Province. In an effort to recycle reusable solid waste, the Project carries a three-million-ton treatment capacity, in which the resulting product is expected to yield approximately RMB 280 million (approximately US$43.7 million) annual sales when production completes.