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Keda Manufacturing's unit plans 4.5 bln yuan graphite anode project
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Keda Industrial Co., Ltd. announced on September 21 that its subsidiary, Fujian Keda New Energy Technology Co., Ltd., has signed an investment cooperation agreement with the Tumd Right Banner People's Government. The project involves building a 500,000-ton-per-year graphite anode material integrated production facility in the Baotou Tumd Right New Industrial Park, with a total investment of approximately 4.5 billion yuan. The company stated that the project aims to collaboratively guide high-quality enterprises in the supply chain to establish the Fujian Keda New Energy Inner Mongolia Science and Technology R&D Center and, in due course, promote the construction of Fujian Keda New Energy's northern headquarters. Keda Industrial noted that the investment funds will come from the company's and its subsidiaries' own funds, as well as loans from commercial banks or financial institutions, and that the investment will not have a material adverse impact on the company's financial and operating conditions, nor harm the interests of the company, shareholders, particularly small and medium shareholders.
Source report
September 21 (Jin10 Data) — Keda Manufacturing has announced that its subsidiary, Fujian Keda New Energy Technology Co., Ltd., has signed an investment cooperation agreement with the Tumd Right Banner People's Government.
Project Details
The key components of the agreement include:
- Investment Amount: Approximately CNY 4.5 billion
- Location: Baotou Tuyou New Industrial Park
- Project Scope: Construction of an integrated project with an annual production capacity of 500,000 tonnes of graphite anode materials
- Additional Initiatives:
- Collaborative efforts to guide high-quality enterprises in the industrial chain to jointly establish the Fujian Keda New Energy Inner Mongolia Technology R&D Center
- Timely advancement of the construction of Fujian Keda New Energy's Northern Headquarters
Funding and Financial Impact
The investment will be financed through:
- The company's and its subsidiaries' own funds
- Loans provided by commercial banks or financial institutions
The company stated that this investment will not have a material adverse impact on its financial condition or operations, and does not harm the interests of the company, its shareholders—particularly minority shareholders.
Source
金十数据Eastern
Part of this Story
Keda Manufacturing subsidiary plans 4.5 billion yuan graphite anode plant in Inner Mongolia