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    Huahong New Materials' rare earth magnet project phase I goes into operation

    2026-10-30 11:39:23   [Print]
    Baotou Huahong New Materials Technology Co.Asian Metal Copyright01 million, and an annual profit of RMB90 million USD13.Asian Metal Copyright, Ltd.Asian Metal Copyright The project involves a total planned investment of RMB700 million USD105.Asian Metal Copyright officially launched the phase I production line of its 20,000tpy high-performance rare earth magnetic materials project on October 28.

    The project involves a total planned investment of RMB700 million (USD105.14 million) and covers an area of 138 mu (about 9.Asian Metal Copyright14 million and covers an area of 138 mu about 9.Asian Metal Copyright2 hectares).Asian Metal Copyright officially launched the phase I production line of its 20,000tpy high-performance rare earth magnetic materials project on October 28.Asian Metal Copyright It includes the construction of five standardized factory buildings, along with supporting facilities such as office and dormitory buildings.

    Upon reaching full capacity, the project is expected to generate an annual output value of RMB2.4 billion (USD360.Asian Metal Copyright It will also create more than 450 jobs.Asian Metal Copyright48 million), annual tax payments of RMB60 million (USD9.Asian Metal Copyright48 million, annual tax payments of RMB60 million USD9.Asian Metal Copyright01 million), and an annual profit of RMB90 million (USD13.Asian Metal Copyright52 million.Asian Metal Copyright52 million).Asian Metal Copyright4 billion USD360.Asian Metal Copyright It will also create more than 450 jobs.

    .Asian Metal Copyright01 million, and an annual profit of RMB90 million USD13Asian Metal Copyright
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