Battery Maker Guanghua Sci-Tech Agrees Invest in Zhuhai Economic and Technological Development Zone
Tang Shihua
DATE:  Oct 26 2017
/ SOURCE:  Yicai
Battery Maker Guanghua Sci-Tech Agrees Invest in Zhuhai Economic and Technological Development Zone Battery Maker Guanghua Sci-Tech Agrees Invest in Zhuhai Economic and Technological Development Zone

(Yicai Global) Oct. 26 -- Guangdong Guanghua Sci-Tech Co. [SHE:002741] will invest in the Zhuhai Economic and Technological Development Zone to produce high-performance high-quality lithium battery materials, electronic chemicals and chemical reagents, initially putting in an estimated USD108.5 million (CNY720 million).

The company said today that it penned a cooperation framework agreement with the Zhuhai Economic and Technological Development Zone Management Committee in this regard.

The project will obtain about 67,000 square meters of land in the Zhuhai Economic and Technological Development Zone's New Material Industrial Park through relevant legal procedures in its first phase and will reserve 100,000 square meters for the second stage and 167,000 square meters for the third phase, the firm said.

The group said the scheme will effectively enhance the capacity of its lithium battery materials project and will have a positive impact on its future business performance.

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Keywords:   Lithium Battery,CHEMICALS,ZHUHAI