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Recently, Black Cat Co.
, Ltd.
issued an announcement that it plans to invest 200 million yuan to set up a wholly-owned subsidiary Jiangxi Black Cat Nanomaterial Technology Co.
, Ltd.
in Tashan Industrial Park, Leping City, Jiangxi Province, and invest in the construction of a 20,000 tons/year superconductive carbon black project with the company as the main body of the project
.
The project is expected to have a total investment of 260 million yuan, which together with the Inner Mongolia base project disclosed by Black Cat Co.
, Ltd.
constitutes the two bases of Black Cat Co.
, Ltd
.
in the north and south of conductive carbon black products.
Black Cat said that the project is expected to become a new profit growth point for the company, seize market opportunities in the field of new energy and new materials, and help enhance the company's comprehensive competitiveness
.