200 million in place! When the project is put into operation, it will break the barriers to the technical blockade of Chinese titanium production abroad

On December 12,
Panzhihua Titanium Resources Development Investment Fund
and Kungang Group jointly formed the
Panzhihua Huahua Titanium Investment Fund Center
the Panzhihua Dajiang Titanium New Materials Co., Ltd.
200 million yuan investment in all in place,
investment funds will be used for
the company's low-cost high-end melting
titanium ingot casting and extension processing projects.
it
the project is a major investment project in Panzhihua City in 2018, with a total investment of 500 million yuan and a construction period of 3 years. After the project is put into operation, it will realize the construction of the domestic EB furnace of the titanium ingot project, break the barriers of foreign production technology to China's titanium industry, fill the gaps in the industry and industry in Phang
Nessie region, realize the industrial clustering and extended processing, make efficient and large-scale comprehensive use of titanium resources, and have a supporting effect on the cultivation and construction of titanium deep processing in Panzhihua City, which is of great significance to the high-quality development of panzhihua's titanium industry

This year, in accordance with the city committee's "one, two, three, five" work of the general idea, in order to do real titanium article, play the advantages of resources, and actively cultivate new materials and other strategic emerging industries, focus on the development of a number of driving, leading titanium deep processing key industrial projects, optimize the city's titanium industry structure, improve the overall level of titanium industry. City Investment Group actively with Pansteel Group, Kungang Group, Longyu Lilian and other key enterprises, based on complementary advantages to seek project cooperation. And on October 9th, the two sides jointly initiated the establishment of the Panzhihua Titanium Equity Investment Fund Center with a total size of 200 million yuan, of which the Titanium Fund contributed 100 million yuan and Kungang Group contributed 100 million yuan. After 2 months of intensive preparation and construction, the Fund was successfully established and by way of capital increase to complete the investment in Kungang Group's Panzhihua Dajiang Titanium Titanium New Materials Co., Ltd.
Semost step
titanium fund will continue to focus on doing a good job of titanium article to promote the high-quality development of the panzhihua titanium industry, strengthen the capital end, project side "two-handed grasp", actively docking the capital side, strive for long-term low-cost sources of funding, in-depth analysis of the industry, actively excavate and find high-quality projects, especially in line with the high-quality development trend of key industrialization projects to carry out investment work, for our city's titanium industry to become bigger and stronger to provide stronger capital.