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    Yunhai Special Metals signs project investment agreement with Chongqing Wansheng district

    2020-06-18 16:38:54   [Print]
    On June 16, Yunhai Special Metals signed a project investment agreement with government of Wansheng district, Chongqing city.

    According to the agreement, Yunhai Special Metals will invest RMB500 million (USD70.64 million) into the Chongqing Wansheng District new material industry cluster.Asian Metal Copyright06 million.Asian Metal Copyright In particular, it will invest RMB235 million (USD33.Asian Metal Copyright64 million into the Chongqing Wansheng District new material industry cluster.Asian Metal Copyright20 million) into acquiring the 100% stake in Chongqing Bo'ao Magnesium & Aluminum Manufacturing Co.Asian Metal Copyright In particular, it will invest RMB235 million USD33.Asian Metal Copyright, Ltd.Asian Metal Copyright According to the agreement, Yunhai Special Metals will invest RMB500 million USD70.Asian Metal Copyright, invest about RMB50 million (USD7.Asian Metal Copyright06 million into intelligent upgrading on the plant and building a laboratory on Mg-alloy research and testing, invest over RMB200 million USD28.Asian Metal Copyright06 million) into intelligent upgrading on the plant and building a laboratory on Mg-alloy research and testing, invest over RMB200 million (USD28.Asian Metal Copyright20 million into acquiring the 100% stake in Chongqing Bo'ao Magnesium Aluminum Manufacturing Co.Asian Metal Copyright26 million) into building a 20,000tpa Mg-alloy, 8,000tpa Mg-particle and 1-million-piece Mg-Al alloy auto part project.Asian Metal Copyright64 million into the Chongqing Wansheng District new material industry cluster.Asian Metal Copyright When all the above investments are paid and projects are built, a leading Mg-alloy material production and deep-processing enterprise covering the full industrial chain will be formed, with an expected annual production value of RMB600 million (USD84.Asian Metal Copyright When all the above investments are paid and projects are built, a leading Mg-alloy material production and deep-processing enterprise covering the full industrial chain will be formed, with an expected annual production value of RMB600 million USD84.Asian Metal Copyright77 million) and taxation of RMB50 million (USD7.Asian Metal Copyright77 million and taxation of RMB50 million USD7.Asian Metal Copyright06 million).
    .Asian Metal Copyright64 million into the Chongqing Wansheng District new material industry clusterAsian Metal Copyright
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