Shanghai Dingli Technology to Build NdFeB Project with $45.2 Million

BEIJING (SMM): Shanghai Dingli Technology Development Group has decided to invest 277.8 million yuan ($45.2 million) to establish a 2,000 tpy NdFeB project in China's Guangxi, the company said in a statement filed to the Shanghai Stock Exchange yesterday.

The project will be built in 1.5 years, according to the Shanghai Dingli and is expected to create 460 million yuan of sales revenue and 27.66 million yuan of net profit per year.

Courtesy: www.metal.com