Hengchuang Nanometer's LMFP phase one production line expected to go into operation in late Dec
2022-12-29 15:47:11 [Print]
Hengchuang Nanometer announced recently that the 5,000tpy LMFP cathode material production line of its Hengchuang phase one project built in Yancheng, Jiangsu is expected to go into operation at the end of this month. Covering an area of 30,000 square meters with a total investment of RMB800 million (USD114.82 million), the phase one project will achieve the production capacity of 15,000tpy in the future with the expected annual sales of about RMB2.5 billion (USD358.81 million). The company also plans to launch the construction of a 10,000tpy production line designed in accordance with its strategic development plan in early 2023 and put the production line into operation in October 2023. The whole project could achieve annual sales of nearly RMB10 billion (USD1.44 billion) calculated based on the price in the current market after the construction is completed.
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