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On October 26, China Nuclear Titanium Dioxide announced that in order to optimize the allocation of resources, the company plans to use its own funds to establish Panzhihua Zetong Logistics Co.
, Ltd.
with a registered capital of 150 million yuan, and the company holds 100% of its shares
.
The establishment of the new company is conducive to the company's need to better coordinate business development in Panzhihua, further reduce resource procurement logistics costs, improve logistics and transportation capabilities, and ensure the stable supply of titanium concentrate, the company's core raw material for its main business
.
, Ltd.
with a registered capital of 150 million yuan, and the company holds 100% of its shares
.
The establishment of the new company is conducive to the company's need to better coordinate business development in Panzhihua, further reduce resource procurement logistics costs, improve logistics and transportation capabilities, and ensure the stable supply of titanium concentrate, the company's core raw material for its main business
.