Hengyuan Technology invests RMB73.1 million to phase 2 project of rare earth alloy
2017-08-18 17:54:14 [Print]
Henyuan Technology announced on 15 August that on the basis of years of rare earth recycling processing technology and according to the advantages of resources integration in this industry, the company planned to invest the phase 2 project of rare earth alloy with RMB73.103 million to be invested. The invested construction land is 22,513.33 square meters, with total construction area of 9462.08 square meters (including infrastructure of standardized workshop, warehouse, office building and so on), hardened road area of 3,330 square meters, and green area of 2,640 square meters. Under the premise of ensuring green production, an annual output of 3,000 tons of rare earth metal alloy will be achieved.
The construction of this project is planned to last 12 months. Early-stage preparation (project approval) began from August 2017; workshop and equipment will be delivered before March 2018; equipment installation and debugging will be performed in June 2018; and in July 2018, project acceptance and trial production will begin.
On the basis of existing products, the company develops deep processing business, and extends the downstream products of the rare earth industry to increase the added value of products and create new profit growth points for enterprise so as to expand market shares of the company.
The construction of this project is planned to last 12 months. Early-stage preparation (project approval) began from August 2017; workshop and equipment will be delivered before March 2018; equipment installation and debugging will be performed in June 2018; and in July 2018, project acceptance and trial production will begin.
On the basis of existing products, the company develops deep processing business, and extends the downstream products of the rare earth industry to increase the added value of products and create new profit growth points for enterprise so as to expand market shares of the company.
