The rare earth high-tech materials industrial park project with a total investment of 2.1 billion yuan settled in Lacey

The Qingdao Gaogao Material Industrial Park project officially settled in Laixi. The total investment of the industrial park project is 2.1 billion yuan, and a national-level R&D center for rare earth development and application will be built. On August 12, 2009, Qingdao Rare Earth Technology Co., Ltd. signed a contract with Laixi Municipal Government. At the end of the month, it will start construction in Jiangshan Town, Laixi City. It is the largest rare earth enterprise in Jiangbei and the only one in Shandong Province. Its products - rare earth functional materials, especially NdFeB permanent magnet products will be applied in the information industry, automobile industry, new energy industry, etc., and are the basic materials supporting the development of modern electronic information industry, and the market prospect is very broad.

The project integrates new material production, technology research and development, and wind power equipment production. It is completed in three phases and has a total construction period of 8 years. Among them, the first phase of investment is 800 million yuan, and the construction period is 3 years. The main application is to build a high-performance NdFeB material application development project. After completion, the production capacity will reach 8,000 tons/year. By then, the annual output value will reach 243 million yuan, the profits and taxes will be about 70 million yuan, and more than 200 people will be employed. The second phase investment of 200 million yuan will build a high-performance NdFeB material application development project R&D center. After the project is completed, it will become a national R&D center for rare earth development and application. The third phase investment is 1.1 billion yuan, and the rare earth permanent magnet low-speed wind turbine project will be built. After the project is completed, the production capacity will be 300,000 units/year.

It is understood that the project has a large investment scale, high technical content and good market prospects. The settlement and construction of the industrial park will drive the rise of the rare metal processing emerging industry in Laixi City, attracting more upstream and downstream supporting projects to settle in the city.

The project investor is Hong Kong Jiasheng International Investment Co., Ltd., which is mainly engaged in investment, financing and consulting, and trade services.

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