Northern Rare Earth and CISRI take lead to establish rare earth new material technology innovation center
2022-12-13 16:18:35 [Print]
Northern Rare Earth announced on December 12 that it took the lead with China Iron & Steel Research Institute Group (CISRI) to establish a rare earth new material technology innovation center
. The company and CISRI, as the main investors, planned to register a new company in Baotou, Inner Mongolia Autonomous Region as the headquarters of the innovation center . The registered capital of the new company is planned to be 10 million yuan (1 . 43 million US dollars), and the company plans to contribute 4 million yuan (573,600 US dollars) in cash, accounting for 40% of the registered capital of the new company . The company plans to invest no less than 100 million yuan (14 . 34 million US dollars) each year to support the construction of the innovation center for five consecutive years, mainly for the introduction of talents, tackling key technologies, transformation of scientific and technological achievements, and construction of innovation platforms.