OKE to invest in 10-bln-meter tungsten wire project
2024-07-01 14:09:10 [Print]
Zhuzhou OKE Precision Cutting Tools Co., Ltd. announced a plan to set up a subsidiary with Zhuzhou Oudong Investment Partnership (L.P.) to develop a tungsten wire project for a total investment of RMB145 million (USD19.95 million).
OKE New Energy, the proposed subsidiary, will build a production line with an annual production capacity of 10 billion meters of tungsten wire at Yanling High-Tech Zone in Zhuzhou, with a construction period of 12 months. The project is expected to become fully operational in 2025.
The registered capital of OKE New Energy is RMB50 million (USD6.88 million), including RMB34 million (USD4.68 million) from Zhuzhou OKE and RMB16 million (USD2.2 million) from Zhuzhou Oudong.
OKE New Energy, the proposed subsidiary, will build a production line with an annual production capacity of 10 billion meters of tungsten wire at Yanling High-Tech Zone in Zhuzhou, with a construction period of 12 months. The project is expected to become fully operational in 2025.
The registered capital of OKE New Energy is RMB50 million (USD6.88 million), including RMB34 million (USD4.68 million) from Zhuzhou OKE and RMB16 million (USD2.2 million) from Zhuzhou Oudong.
Tungsten Bar W-4 99.9%min EXW China
Unit:RMB/kg
China sodium tungstate producers' sales volume statistics by province by month
Unit: mt
