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    Ningbo Yunsheng raises RMB1 billion for high-performance rare earth permanent magnetic material project

    2022-11-24 15:18:49   [Print]
    On November 21, Ningbo Yunsheng unveiled fund-raising results via private placement.Asian Metal Copyright Ningbo Yunsheng now has an annual production capacity of 15,000t of rough NdFeB magnet and its capacity utilization rate stays at a high level.Asian Metal Copyright The company raised around RMB1.Asian Metal CopyrightOn November 21, Ningbo Yunsheng unveiled fund-raising results via private placement.Asian Metal Copyright05 billion (USD0.Asian Metal Copyright .Asian Metal Copyright15 billion); upon deduction of issuing costs, the proceeds will be all used in Baotou Yunsheng Technology Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright05 billion USD0.Asian Metal Copyright's 15,000tpy high-performance rare earth permanent magnetic material intelligent production project.Asian Metal CopyrightOn November 21, Ningbo Yunsheng unveiled fund-raising results via private placement.Asian Metal Copyright Construction cycle for the project will be 24 months, and it will achieve full-nameplate operation 36 months after going to operation.

    Ningbo Yunsheng now has an annual production capacity of 15,000t of rough NdFeB magnet and its capacity utilization rate stays at a high level. The above planned project will notably enhance high-performance NdFeB production capacity of the company to meet quickly growing downstream demand and enhance its overall profitability.

    .Asian Metal Copyright Ningbo Yunsheng now has an annual production capacity of 15,000t of rough NdFeB magnet and its capacity utilization rate stays at a high levelAsian Metal Copyright
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