Naipu Mining Machinery plans to establish wholly-owned subsidiary in Shangrao of Jiangxi
2020-07-23 16:50:25 [Print]
Naipu Mining Machinery announced on July 22 that the company plans to invest 60 million yuan (8.56 million US dollars) to set up a wholly-owned subsidiary of Jiangxi Naipu Mining Machinery Casting Co., Ltd. in Shangrao Economic and Technological Development Zone, Shangrao City, Jiangxi Province (provisional name, subject to the registration of the competent department of market supervision and management).
Naipu Mining Machinery said that the wholly-owned subsidiary to be established is mainly engaged in ferrous metal casting and heat treatment processing of some raw materials such as metal skeleton, flow passage components and wear-resistant alloy which were purchased on the market, so that the company can better control the quality and cost, so as to improve the company's product competitiveness and overall operation efficiency.
Naipu Mining Machinery said that the wholly-owned subsidiary to be established is mainly engaged in ferrous metal casting and heat treatment processing of some raw materials such as metal skeleton, flow passage components and wear-resistant alloy which were purchased on the market, so that the company can better control the quality and cost, so as to improve the company's product competitiveness and overall operation efficiency.
