ST Sansheng to acquire 51% equity of Malipo Tianxiong New Material with RMB500 million
2022-11-24 17:55:23 [Print]
ST Sansheng announced on November 22 that it planned to acquire 51% equity of Malipo Tianxiong New Material Co
. , Ltd . with amount of RMB500 million (USD70 million), and agreed that the latter can transform part of its manganese flake production line and build a new production line with an annual output of 200,000 tons of battery-grade high-purity manganese sulfate and manganese tetroxide . At present, its production capacity of manganese sulfate maintains around 450,000 tons, and the accumulated production capacity added next year would reach more than 500,000 tons.