Sep 18, 2007. /Lesprom Network/. Sichuan Leshan Jixiang Plantation Products Co., Ltd. is expected to invest CNY 285 million ($37.9 million) to expand its MDF production line, adding 210 000 cubic meters of production, according to ITTO. An investment agreement for the expansion project had been signed between Leshan City’s government and China Jixiang Wood Industry. On completion, the annual MDF output of Leshan Jixiang will be 300 000 cubic meters, twice as much as its current output, and the annual output value should reach CNY 300 million ($39.9 million). The project is expected to be complete by 2008. Built in 1997, Leshan Jixiang is one of the most advanced enterprises in terms of its equipment and production technology among wood-based industries in the Asia-Oceania region. The annual profits of Leshan Jixiang in 2006 were CNY 400 million ($53.1 million).