15 billion this raw material enterprise in Panzhihua to build a titanium industry cluster

On November 17, China National Nuclear Huayuan Titanium White Co., Ltd. ("China Nuclear Titanium White" or "Company") and the Panzhihua Municipal People's Government (hereinafter referred to as the "Panzhihua Municipal Government") signed the Framework Agreement on Strategic Cooperation (hereinafter referred to as the "Agreement"). China Nuclear Titanium White will set up an independent legal entity enterprise in Panzhihua, fully implement the investment in Panzhihua area, plans to complete a total investment of about 15 billion yuan (including funds, mergers and acquisitions loans and other investments, based on the final approved investment amount), focusing on the "titanium resources, titanium oxide and titanium metal" field investment.
Panzhihua is located in the Pansu Plateau, the territory has a wealth of titanium magnetite resources, radon reserves ranked third in the world, titanium reserves for the world's first, with the "China's titanium capital" title

. In order to promote the comprehensive utilization of Pythyeon titanium resources and the high-quality development of the niobium titanium industry, Panzhihua City has vigorously introduced state-owned capital and private capital to participate in the construction of the Psychic National Strategic Resources Innovation and Development Pilot Zone to achieve a new level of regional economy. China Nuclear Titanium White attaches great importance to the development opportunities in Panzhihua City, hoping to rely on the rich resources of tantalum titanium magnetite in Panzhihua area, invest in Panzhihua to build a titanium industry cluster, promote the transformation and upgrading of Panzhihua titanium industry and achieve high-quality development.this end, Panzhihua Municipal Government and China Nuclear Titanium White in line with the principle of mutual benefit and win-win, after friendly consultations, in accordance with the relevant laws and regulations of the state, adhere to the principle of win-win cooperation between the two sides, reached a cooperation agreement.the Chinese and foreign paint network understand that the cooperation between the two sides includes: 1, focus on restructuring the target, the construction of industrial ecology. Give full play to the resource advantages of the Panzhihua Municipal Government and the industrial advantages of the Chinese nuclear titanium white, focusing on the selection of companies with restructuring feasibility and restructuring value in the fields of "Titanium resources, titanium oxide and titanium metal" as the investment target, deep investment and cooperation, in Panzhihua to build the ecological circle of the titanium industry.2, the implementation of debt restructuring, stability and re-creation of vitality. China Nuclear Titanium White will, in accordance with the law, provide debt restructuring as an entry point for Panzhihua City-owned enterprises, help optimize the debt structure of difficult enterprises, resolve the debt pressure of difficult enterprises, maintain local economic stability, and lay the foundation for enterprises to re-create vitality.3, the construction of comprehensive utilization, high value-added niobium titanium production capacity, extend the niobium titanium industry chain, improve the efficiency of resource utilization. China's nuclear titanium white investment funds in accordance with the law to participate in the integration of panzhihua titanium production capacity, while the chinese nuclear titanium white into research and development resources and technical support, through integration, new construction, technological transformation and upgrading and other ways to build a comprehensive utilization capacity of titanium, the production of high-performance metal materials containing titanium, improve the efficiency of the use of mineral resources.According to theagreement, the main responsibility and obligation of China Nuclear Titanium White is to set up an independent legal entity enterprise in Panzhihua, fully implement the investment in Panzhihua area, plan to complete the total investment of about 15 billion yuan (including funds, mergers and acquisitions loans and other investments, including the final approved investment amount), focusing on the "Titanium resources, titanium oxide and titanium metal" area, investment direction includes but is not limited to: 1, through asset restructuring, debt restructuring, technical upgrading and other means to participate in the region The enterprises of niobium titanium resources, as well as the processing and processing enterprises, carry out in-place processing of niobium titanium resources to achieve in-place transformation; To realize the comprehensive utilization of resources, 4, the investment set up a high-quality development research institute of the niobium titanium industry, in order to achieve the efficient use of titanium resources in the region, to provide intellectual support and protection.company will handle the project-related approval procedures in accordance with national laws and regulations and industrial policies. Strict implementation of project approval and design and construction content, quality and quantity to complete the project construction. Project construction should make use of international advanced technology, comprehensive utilization of resources, recycling as the basis, energy conservation and environmental protection-oriented, to create a green production base as the goal.China Nuclear Titanium White said that the strategic cooperation with the Panzhihua Municipal Government is the company to start investment in the Panzhihua area, integration of important measures, is conducive to the company relying on the Panzhihua region rich in titanium resources, comprehensive optimization and upgrading of the company's industrial structure, effectively enhance the company's competitive strength in the industry, for the construction of "Titanium resources , titanium oxide and titanium metal" industrial layout to lay a solid foundation. The signing of the agreement will not have a significant impact on the company's operating performance this year, and if the agreement is implemented effectively, it will have a positive impact on the company's sustained, stable and healthy development in the long run.