Zhejiang Zhonghang to acquire 100% stake in Shandong Shuocheng
2023-12-14 14:31:07 [Print]
Zhejiang Zhonghang New Materials Technology Co., Ltd., a wholly-owned subsidiary of Huahong Technology, plans to acquire a 100% equity interest in Shandong Shuocheng New Material Technology Co., Ltd. for RMB90 million (USD12.62 million) as the company seeks to increase its production capacity of rare earth permanent magnet.
Shandong Shuocheng is an innovation-oriented enterprise engaged in the research and development, production and sales of high-performance permanent magnet, with an existing annual production capacity of 5,000t of rare earth permanent magnet.
Shandong Shuocheng is an innovation-oriented enterprise engaged in the research and development, production and sales of high-performance permanent magnet, with an existing annual production capacity of 5,000t of rare earth permanent magnet.
PrNd Mischmetal Pr 25%, Nd 75% EXW China
Unit:RMB/mt
China's rare earth seperation plants' operating rate statistics by province by month
Unit: %
