Tianci Material New Annual Output Of 25,000 Tons Of Three Yuan Cathode Material Project

- Mar 06, 2017-

(002709) March 3 announcement, based on the national new energy industry policy guidance and Taizhou City, major projects to attract foreign investment policy support, according to the company and the company holding subsidiary Jiangxi Eide Nano Technology Co., Ltd. (referred to as "Jiangxi Eide") Strategic development planning, Taizhou Municipal People's Government to support the company, Jiangxi Eide in Taizhou Bay circular economy industrial agglomeration area east of the new energy industry park for lithium cathode material production. The friendly consultation, Taizhou Municipal People's Government and the company, Jiangxi Eide in March 2, 2017 signed a cooperation agreement.


 


The company will build an annual output of 25,000 tons of lithium ternary cathode materials in Taizhou project and relocate an annual output of 25,000 tons of lithium iron phosphate production line back to Taizhou project.


 


Godsend material that this time with the Taizhou municipal government signed an investment framework agreement for the company in the lithium battery cathode material layout of another major initiative, is conducive to continue to improve the company in the field of lithium battery cathode materials production capacity and variety layout, give full play to industry Synergistic effect, in line with the company's overall development of lithium battery materials strategy.


 


Zhejiang Taizhou manufacturing economy is well established, with large-scale vehicle and key components as the core of the automobile industry cluster, Taizhou Bay circular economy industrial cluster for the focus of planning and construction of Zhejiang Province, one of the industrial cluster, belonging to the Taizhou coastal industrial belt Core area, has a clear advantage of location resources. This cooperation will make full use of the advantages of Taizhou Bay circular economy industrial cluster area, through the new energy industry chain-related enterprise resource sharing, supporting cooperation, to achieve this cooperation lithium positive material project good economic benefits, enhance the company's future industry competitiveness The


 


Tianzhan material 2016 performance Express shows that the company achieved operating income of 1.837 billion yuan, an increase of 94.25%; attributable to shareholders of listed companies net profit of 395 million yuan, an increase of 297%.