Longci Technology to invest in high-frequency magnetic device research and production and headquarters operation project
2021-02-03 11:33:12 [Print]
Longci Technology announced on February 2 that the company intends to sign the Longci High-frequency Magnetic Device Research and Production and Headquarters Operation Center Project Investment Cooperation Agreement and Supplementary Agreement with the Investment Promotion Bureau of Hefei High-tech Industrial Development Zone to invest in the construction of a production line with an annual output of 50 million of various high-frequency magnetic devices (inductors), a basic scientific research center for magnetic materials, an ultrafine metal powder research center, an integrated research center for metal soft magnetic cores and high-frequency devices, and others new functional materials research center, Longci Technology headquarters operation center and other projects in Hefei High-tech Zone. The total investment of the project is RMB700 million (USD108.34 million).
