Jiangsu Guotai plans to carry out 40,000tpy-capacity lithium battery solution project in Poland
2017-12-27 17:20:36 [Print]
Recently, Jiangsu Guotai International Group ("Guotai") announced that it planned to build lithium battery solution project ("the Project") with a capacity of 40,000tpy in Poland. Specifically, the project has a total investment of RMB300 million including RMB105 million of infrastructure investment, RMB80 million of equipment investment, RMB6.6 million of land cost and RMB108.4 million of initial working capital and a construction period of about 30 months.
Jiangsu Ruitai New Energy Materials Co., Ltd., Guotai's wholly-owned subsidiary, and Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd., Guotai's holding subsidiary, will contribute 50% of the investment respectively to set up a subsidiary in the Republic of Poland named Guotai Huarong (Poland) Co., Ltd. (tentative name) which will be responsible for carrying out the Project in Poland.
Jiangsu Ruitai New Energy Materials Co., Ltd., Guotai's wholly-owned subsidiary, and Zhangjiagang Guotai Huarong Chemical New Material Co., Ltd., Guotai's holding subsidiary, will contribute 50% of the investment respectively to set up a subsidiary in the Republic of Poland named Guotai Huarong (Poland) Co., Ltd. (tentative name) which will be responsible for carrying out the Project in Poland.
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