Zhongyu Magnetic Material commences construction of 2000tpy NdFeB RE magnetic materials project
2023-06-07 14:35:03 [Print]
On the morning of June 5, a groundbreaking ceremony was held in Fuyang Economic Development Zone for Zhongyu Magnetic Material 2,000tpy high-performance NdFeB rare earth permanent magnetic material project.
With total investment of RMB300 million (USD42.11 million), including RMB270 million (USD37.90 million) for fixed assets, from Anhui Zhongyu Magnetic Material Technology Co., Ltd., the project is expected to bring in production value of RMB540 million (USD75.79 million) and taxation of no less than RMB10.50 million (USD1.47 million) per year when in operation.
With total investment of RMB300 million (USD42.11 million), including RMB270 million (USD37.90 million) for fixed assets, from Anhui Zhongyu Magnetic Material Technology Co., Ltd., the project is expected to bring in production value of RMB540 million (USD75.79 million) and taxation of no less than RMB10.50 million (USD1.47 million) per year when in operation.
Neodymium Oxide 99.5%min FOB China
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China praseodymium-neodymium oxide recycling producers' inventory statistics by province by month
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