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Dec 09, 2021 04:19 PM (GMT+8) · EqualOcean
Cailian news agency, Dec. 9, Xingfa group disclosed the progress announcement. In order to further implement the cooperation, the company signed a joint venture contract with Huayou cobalt industry in Yichang City, Hubei Province, and jointly funded the establishment of Hubei Xingyou New Energy Technology Co., Ltd., of which the company subscribed 153 million yuan, accounting for 51% of the registered capital of the joint venture; Huayou cobalt industry subscribed 147 million yuan, accounting for 49% of the registered capital of the joint venture. Both parties intend to invest in the construction of 300000 t / a iron phosphate project in Yidu City, Yichang city with the joint venture as the main body. The project will be constructed by stages, and the first phase of the project is 100000 t / a iron phosphate project.

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