Core Viewpoint - Tianhe Magnetic Materials (603072.SH) has signed an investment agreement for a high-performance rare earth permanent magnet project, indicating a strategic move to enhance its industrial layout and expand business scale [1] Group 1: Project Details - The project is to be developed by Tianhe's wholly-owned subsidiary, Baotou Tianhe New Materials Technology Co., Ltd., in collaboration with the Baotou Rare Earth High-tech Industrial Development Zone Management Committee [1] - The total investment for the project is estimated at 850 million yuan, with the first phase requiring an investment of 210 million yuan [1] - The project will involve the construction of facilities necessary for the manufacturing and research of high-performance rare earth permanent magnets and components, including a research and development center [1] Group 2: Timeline and Impact - The construction period for the project is set at 18 months [1] - Upon completion and production, the project is expected to significantly contribute to the expansion of the company's business scale [1]
天和磁材(603072.SH)拟在包头市投建高性能稀土永磁及组件、装备制造与研发项目