Core Viewpoint - The company is investing 850 million yuan in a high-performance rare earth permanent magnet project in Baotou, which aligns with national policies to develop rare earth bases and aims to enhance production capacity and profitability [1][2]. Group 1: Investment Agreement - The company’s wholly-owned subsidiary, Baotou Tianhe New Materials Technology Co., Ltd., signed an investment agreement with the Baotou High-tech Industrial Development Zone Management Committee [1]. - The total investment for the project is expected to be 850 million yuan, with the first phase requiring 210 million yuan [1]. - The project will be completed in two phases, with the first phase scheduled to be operational by March 2026 and the second phase contingent on market conditions [1]. Group 2: Project Details - The project will involve the construction of facilities for high-performance rare earth permanent magnets, including manufacturing plants, supporting infrastructure, and a research and development center [1]. - The construction area for the project is approximately 67 acres, with land provided by the management committee based on the project scale [1]. Group 3: Company Background - The company specializes in the research, production, and sales of high-performance rare earth permanent magnet materials, primarily sintered NdFeB magnets [2]. - The company has established a wholly-owned subsidiary, Baotou Tianhe, with a registered capital of 10 million yuan, to enhance its operational capabilities [2]. - In June, the company increased the capital of Baotou Tianhe by 90 million yuan to strengthen its financial and operational capacity [2].
天和磁材：拟8.5亿元在包头投建稀土永磁项目