Truchum Advanced Materials says new capacity to come on stream in 2020
2020-02-19 18:00:30 [Print]
Anhui Truchum Advanced Materials And Technology Co.,Ltd. recently said that new capacity would gradually come on stream in 2020 as it built new projects for copper plate and strip, copper conductor and military products in 2019. New projects include 40,000tpy copper plate and strip project in Wuhu and 35,000tpy copper plate and strip project in Guangdong, both of which will start operation in 2020, and 120,000tpy copper conductor material project which is under construction with capacity to partially come on stream this year. The company's subsidiary ACME (Advanced Corporation for Materials & Equipment) has been a significant increase in production capacity after relocated to new plant site last year. Tianniao High Technology Co., Ltd., which was acquired by the company in 2018, would also add new capacity in 2020 after technology upgrade project and equity investment project.
Truchum Advanced Materials forecast a production growth rate of 20% for coming few years. The growth rate for 2020 is estimated at 15-20% due to the ramp-up of capacity.
Truchum Advanced Materials forecast a production growth rate of 20% for coming few years. The growth rate for 2020 is estimated at 15-20% due to the ramp-up of capacity.
Copper Rod TC Ф8mm EXW China
Unit:RMB/mt
China copper concentrate producers' suspension number statistics by province by month
Unit: pcs
