Lubei Chemical to set up joint venture for Zr-Ti ore processing project
2024-01-23 11:14:49 [Print]
Shandong Lubei Chemical Co
Lubei Chemical plans to invest RMB16.50 million (USD2 . 29 million) to get a 55% stake in Shandong Lubei Zirconium Titanium New Materials Technology Co . , Ltd . , the planned joint venture, with RMB7 . 5 million (USD1,042,342) from Shanghai Taibao and RMB6 million (USD833,874) from Hainan Xinfu, which will get a 25% and 20% stake respectively.
The joint venture will build a deep-processing base for titanium concentrate, rutile, monazite and zircon sand, with a designed annual processing capacity of 600,000 tonnes. It will be in charge of the processing and sales of titanium concentrate, rutile and zircon sand.
. , Ltd . announced a joint venture with Shanghai Taibao Chemical Technology Co . , Ltd . and Hainan Xinfu Supply Chain Co . , Ltd . for a zirconium-titanium ore concentration project with a processing capacity of 600,000 tonnes per annum.Lubei Chemical plans to invest RMB16.50 million (USD2 . 29 million) to get a 55% stake in Shandong Lubei Zirconium Titanium New Materials Technology Co . , Ltd . , the planned joint venture, with RMB7 . 5 million (USD1,042,342) from Shanghai Taibao and RMB6 million (USD833,874) from Hainan Xinfu, which will get a 25% and 20% stake respectively.
The joint venture will build a deep-processing base for titanium concentrate, rutile, monazite and zircon sand, with a designed annual processing capacity of 600,000 tonnes. It will be in charge of the processing and sales of titanium concentrate, rutile and zircon sand.