PeaceBird announces start of construction on high-end metal foil project
2019-12-31 17:30:17 [Print]
On the morning of December 27, PeaceBird Group held the groundbreaking ceremony for its high-end precision metal foil products project.
Ningbo Youxiang Technology Co., Ltd. is jointly invested by PeaceBird Group, the project's technology core team and strategic investors, and it takes charge of the construction on the project which mainly focuses on the R&D, production and sales of high-end precision metal foil products, including precision foil made out of nickel alloy, chrome alloy, copper alloy, titanium alloy, etc. Among which, precision stainless steel foil is the project's main product.
Total investment for the project is RMB350 million (USD50.17 million), including fixed-asset investment of RMB250 million (USD35.84 million). With a designed production capacity of 15,000tpy, the project is expected to achieve annual production value of RMB400 million (USD57.34 million). The project obtained the construction permit on December 25 and is expected to commence production before late December 2020.
Ningbo Youxiang Technology Co., Ltd. is jointly invested by PeaceBird Group, the project's technology core team and strategic investors, and it takes charge of the construction on the project which mainly focuses on the R&D, production and sales of high-end precision metal foil products, including precision foil made out of nickel alloy, chrome alloy, copper alloy, titanium alloy, etc. Among which, precision stainless steel foil is the project's main product.
Total investment for the project is RMB350 million (USD50.17 million), including fixed-asset investment of RMB250 million (USD35.84 million). With a designed production capacity of 15,000tpy, the project is expected to achieve annual production value of RMB400 million (USD57.34 million). The project obtained the construction permit on December 25 and is expected to commence production before late December 2020.
