Anning Co., Ltd. plans to invest 10 billion yuan to build an energy-grade titanium material project with an annual output of 60,000 tons

Anning Co.
, Ltd.
(002978) announced on the evening of April 1 that in order to give full play to the advantages of Panzhihua vanadium and titanium resources and realize the strategic layout and long-term planning of listed companies, the company recently signed the "Sichuan Anning Iron and Titanium" with the Management Committee of Panzhihua Vanadium and Titanium High-tech Industrial Development Zone.
Co.
, Ltd.
with an annual output of 60,000 tons of energy-grade titanium (alloy) materials for the entire industry chain project investment contract" (hereinafter referred to as the "project investment contract")
.
The total planned investment budget of the project is 10 billion yuan
.


According to reports, the main contents of the project include sponge titanium and supporting production lines, titanium (alloy) material ingots, and rolling processing production lines
.
The total planned investment budget of the project is 10 billion yuan, and the investment and construction are divided into three phases.
The first phase investment is 5.
5 billion yuan, the second phase investment is 2.
5 billion yuan, and the third phase investment is 2 billion yuan
.
The planned construction period of the first-phase project is 24 months, and the planned construction period of all the third-phase projects is 60 months
.


The announcement shows that the source of funds for this investment project is the company's own or self-raised funds
.
The project has a long construction period and a large investment.
The company will implement and put into production in stages according to the strategic development plan and the actual situation
.


Titanium material is the basic material of high-end manufacturing industry and the basic industry for the high-quality development of the future industry
.
At present, China's titanium material industry is mainly concentrated in the low-end product market, and the scale is small and the quality is uneven, which seriously restricts the expansion of titanium application fields
.


Anning Co.
, Ltd.
stated that the company will seize the opportunity to support the development of vanadium and titanium in Sichuan Province and the construction of the Panxi National Strategic Resources Innovation Pilot Zone, focus on the company's industrial chain extension strategy, and combine Panzhihua's rich green power resources (hydropower, photovoltaic, wind power resources), Construct the whole industry chain project of "vanadium-titanium magnetite-sponge titanium-titanium ingot, titanium plate-energy-grade titanium (alloy) material"
.
At the same time, the project relies on four key elements of "resource endowment, advanced technology, clean energy, and energy consumption reduction" for development and construction, and will have a very competitive advantage after it is put into production
.