PeaceBird announces start of construction on high-end metal foil project
2019-12-31 17:30:17 [Print]
On the morning of December 27, PeaceBird Group held the groundbreaking ceremony for its high-end precision metal foil products project.
Ningbo Youxiang Technology Co., Ltd . is jointly invested by PeaceBird Group, the project's technology core team and strategic investors, and it takes charge of the construction on the project which mainly focuses on the R&D, production and sales of high-end precision metal foil products, including precision foil made out of nickel alloy, chrome alloy, copper alloy, titanium alloy, etc . Among which, precision stainless steel foil is the project's main product.
Total investment for the project is RMB350 million (USD50.17 million), including fixed-asset investment of RMB250 million (USD35 . 84 million) . With a designed production capacity of 15,000tpy, the project is expected to achieve annual production value of RMB400 million (USD57 . 34 million) . The project obtained the construction permit on December 25 and is expected to commence production before late December 2020.
Ningbo Youxiang Technology Co., Ltd . is jointly invested by PeaceBird Group, the project's technology core team and strategic investors, and it takes charge of the construction on the project which mainly focuses on the R&D, production and sales of high-end precision metal foil products, including precision foil made out of nickel alloy, chrome alloy, copper alloy, titanium alloy, etc . Among which, precision stainless steel foil is the project's main product.
Total investment for the project is RMB350 million (USD50.17 million), including fixed-asset investment of RMB250 million (USD35 . 84 million) . With a designed production capacity of 15,000tpy, the project is expected to achieve annual production value of RMB400 million (USD57 . 34 million) . The project obtained the construction permit on December 25 and is expected to commence production before late December 2020.