Zhejiang Hailiang to develop 100ktpy copper cathode foil project in Indonesia
2023-02-28 15:53:47 [Print]
Zhejiang Hailiang announced on February 27 that it plans to set up a joint venture in Indonesia with its wholly-owned subsidiary Hong Kong Hailiang Holding Limited
. The proposed joint venture, which is 90% owned by Hong Kong Hailiang and 10% owned by Zhejiang Hailiang, will construct and operate a project with an annual production capacity of 100,000t of high-performance copper cathode foil . The total investment for the project is estimated at RMB5 . 9 billion (USD850 million).