On July 30, Gelonghui announced 600111.SH that the company intends to invest 38.25 million yuan with its own funds to establish a new company with the Baotou Rare Earth Research Institute (hereinafter referred to as the Rare Earth Institute), a subsidiary of the company, and build an industrialization project with an annual output of 10,000 tons of PVC rare earth heat stabilizer with the new company as the main body. The registered capital of the new company is 51 million yuan.
After the establishment of the new company, the new company will be the main body to build an annual output of 10,000 tons of PVC rare earth heat stabilizer project. The project is an asset-light project, and it is planned to lease the plant of the national rare earth new material innovation pilot base in the rare earth institute to implement the project construction.
According to the announcement, the project plans to build a PVC rare earth heat stabilizer production line, with an annual output of 10,000 tons of PVC rare earth heat stabilizer capacity. The project adopts a segmented process flow. According to the market development status, the production period after the completion of the project is expected to be 3 years, the first year is expected to reach 30%, the second year is expected to reach 65%, and the third year is expected to reach 100%.
It is reported that the total investment of the project is 37.1155 million yuan, of which the construction project investment is 27.2155 million yuan (equipment cost 21.5 million yuan, installation cost 2.5 million yuan, other costs 1.1995 million yuan, preparation fee 2.016 million yuan), and the bottom working capital is 9.9 million yuan. The project will be built from August 2021 to July 2022.
This investment is conducive to promoting the transformation and upgrading of the plastics industry with independent innovation and technological progress, opening up the emerging consumption field of PVC products, and expanding the green application of rare earths, which is of great significance for accelerating the transformation of the company's scientific and technological achievements and promoting the industrialization application and industrial chain extension, alleviating the excess production capacity of rare earth primary products, promoting the transformation of the rare earth industry to expanding the innovation drive of new technologies, new products and effective supply, optimizing the industrial structure, and leading the rare earth industry to high-end development.
This article originated from Grand Gateway
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