Medeli's tungsten carbide CNC materials project settled in Hubei
2020-05-25 17:37:34 [Print]
On the morning of May 16, the signing ceremony of Medeli's high-performance tungsten carbide numerical control material project was held in Jingmen-based GEM New Material Co., Ltd.
In order to realize the transformation and upgrading of tungsten resource recovery to advanced tungsten carbide CNC materials, GEM and Zhao Lifu, an expert in the field of tungsten resources, jointly established Jingmen Medeli CNC Material Co., Ltd. Jingmen Medeli CNC Material Co., Ltd. mainly builds a high-performance tungsten carbide powder production project with an annual output of 10,000 tons of CNC tool core materials, and new tungsten carbide powder production, purification equipment and production lines. After all the projects are completed and put into production, the annual sales income is expected to be about RMB2 billion (USD281.76 million).
In order to realize the transformation and upgrading of tungsten resource recovery to advanced tungsten carbide CNC materials, GEM and Zhao Lifu, an expert in the field of tungsten resources, jointly established Jingmen Medeli CNC Material Co., Ltd. Jingmen Medeli CNC Material Co., Ltd. mainly builds a high-performance tungsten carbide powder production project with an annual output of 10,000 tons of CNC tool core materials, and new tungsten carbide powder production, purification equipment and production lines. After all the projects are completed and put into production, the annual sales income is expected to be about RMB2 billion (USD281.76 million).
Tungsten Carbide 99.8%min 2.5-7.0μm EXW China
Unit:RMB/kg
China tungsten carbide producers' inventory to production ratio statistics by province by month
Unit: %
