Fangda Carbon's carbon subsidiary to relocate

Fangada Carbon announced on the evening of August 11th that its holding subsidiary, Rongguang Carbon, had signed the Relocation Compensation Contract.Asian Metal CopyrightFangada Carbon announced on the evening of August 11th that its holding subsidiary, Rongguang Carbon, had signed the Relocation Compensation Contract.Asian Metal Copyright According to the contract, the land in use and related assets of the subsidiary in Jiepai village, Longquan town are included in the relocation compensation range with total compensation price of RMB288 million.Asian Metal CopyrightFangada Carbon announced on the evening of August 11th that its holding subsidiary, Rongguang Carbon, had signed the Relocation Compensation Contract.Asian Metal Copyright At the same time, Rongguang Carbon plans to invest in industrial projects of c-c composite like special graphite and graphite electrode, etc.Asian Metal Copyright Relevant data show that Rongguang Carbon mainly produces carbon products.Asian Metal Copyright The total investment for the projects is expected to be RMB500 million.Asian Metal Copyright Relevant data show that Rongguang Carbon mainly produces carbon products.Asian Metal Copyright The company claimed that Rongguang Carbon won’t suspend production during the relocation period with no significant impact on its operation and production.Asian Metal Copyright .Asian Metal Copyright After the relocation, the subsidiary’s capacity is not expected to change in the short term.Asian Metal Copyright At the same time, Rongguang Carbon plans to invest in industrial projects of c-c composite like special graphite and graphite electrode, etc.Asian Metal Copyright Relevant data show that Rongguang Carbon mainly produces carbon products.

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