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It is understood that Shanxi Zuoquan Shentou Metallurgical Mining Co., Ltd., after careful market analysis and product research, decided to invest in the establishment of Baotou Shentou Magnetic Industry Co., Ltd. to produce high performance NdFeB magnetic materials and low cobalt with advanced world standards. Hydrogen storage alloys, want to enter the product into the domestic and international markets. The project covers an area of ​​40 acres, with an annual output of 1,500 tons of high-performance NdFeB and 2,000 tons of low-cobalt hydrogen storage alloys. The most advanced international equipment that the company has already ordered will arrive at the end of October. The project plans to complete the construction of the plant in October and put into operation at the end of this year. After the company reaches full production capacity, it will achieve an annual output value of 600 million yuan and a profit and tax of 80 million yuan.
Baotou Shentou Magnetic Industry Co., Ltd. is a wholly-owned subsidiary of Shanxi Zuoquan Shentou Metallurgical Mining Co., Ltd. Shanxi Zuoquan Shentou Metallurgical Mining Co., Ltd. was founded in 1985 by the Shentou Iron Mine in Shanxi Province as the main promoter. It is now a cross-provincial enterprise with multiple industries. The company manages 4 mining areas, 2 Home-operated companies have more than 200 million yuan in fixed assets and more than 600 employees.
Baotou Rare Earth High-tech Zone Adds Heavyweight Rare Earth Material Enterprises
The "1,500 tons of high-performance NdFeB and 2,000 tons of low-cobalt hydrogen storage alloy produced by Shanxi Zuoquan Shentou Metallurgical Mining Co., Ltd. invested 120 million yuan, a few days ago began construction in rare earth high rare earth areas in Baotou.