Xiamen Tungsten to construct cemented carbide production base in Thailand

Xiamen Tungsten announced on 13 June that the board of directors approved the Proposal on Xiamen Jinlu Setting up Subsidiary in Thailand for Construction of Cemented Carbide Production Base (Phase I).

The subsidiary in Thailand is temporarily named as Jinlu Cemented Carbide Co., Ltd.Asian Metal Copyright509 million about RMB50.Asian Metal Copyright (Thailand) with registered capital of USD52.Asian Metal Copyright3 million to build the production line of 800tpy of cemented carbide.Asian Metal Copyright0833 million (about RMB350 million) paid by installment.Asian Metal Copyright Thailand with registered capital of USD52.Asian Metal Copyright The initial paid-in capital is USD17.Asian Metal Copyright The subsidiary in Thailand is temporarily named as Jinlu Cemented Carbide Co.Asian Metal Copyright8571 million (about RMB120 million).Asian Metal Copyright0833 million about RMB350 million paid by installment.Asian Metal Copyright Xiamen Tungsten agreed to invest USD28.Asian Metal Copyright0833 million about RMB350 million paid by installment.Asian Metal Copyright467 million (about USD191.Asian Metal Copyright The subsidiary in Thailand is temporarily named as Jinlu Cemented Carbide Co.Asian Metal Copyright3 million) to build the production line of 800tpy of cemented carbide.Asian Metal Copyright8571 million about RMB120 million.Asian Metal Copyright The project is expected to reach full production in 2020 with annual sale value of USD50.Asian Metal Copyright76 million and net profit of USD7.Asian Metal Copyright113 million (about RMB336.Asian Metal Copyright Thailand with registered capital of USD52.Asian Metal Copyright76 million) and net profit of USD7.Asian Metal Copyright, Ltd.Asian Metal Copyright509 million (about RMB50.Asian Metal Copyright Thailand with registered capital of USD52.Asian Metal Copyright46 million).

.Asian Metal Copyright0833 million about RMB350 million paid by installment.Asian Metal Copyright