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On October 13, Shi Da Shenghua issued an announcement that the company signed an investment cooperation agreement with Sichuan Zhongfluorite Taihua New Material Technology Co.
, Ltd.
(hereinafter referred to as Sinofluorite Taihua), intending to establish a joint venture project company in Leshan City, Sichuan Province - Sichuan Leshan Zhongfluorine Shenghua New Energy Co.
, Ltd.
The registered capital of the joint venture is 1.
2 billion yuan, and the subscribed capital contribution of China Fluorotech is 792 million yuan, with a capital contribution ratio of 66%; Shi Da Shenghua subscribed to contribute 408 million yuan, with a capital contribution ratio of 34%.
The joint venture company plans to invest in the construction of 100,000 tons/year of liquid lithium hexafluorophosphate and its supporting equipment, with a total investment of about 2 billion yuan
.
Shi Da Shenghua said that lithium hexafluorophosphate is currently the most mainstream lithium salt variety
.
The company's cooperation with China Fluorotaihua to build a plant is conducive to the rapid expansion of its lithium hexafluorophosphate production capacity, stabilizes the fluctuation of raw material prices, enhances the competitive advantage of electrolyte products, and is conducive to long-term development
.
At the same time, Shi Da Shenghua said that because he had planned a 100,000 tons/year liquid lithium hexafluorophosphate and other supporting equipment projects, it was decided to terminate the preparation and construction of
the company's 5,000 tons/year lithium hexafluorophosphate project (phase II).
It is understood that on December 4, 2015, Shida Shenghua passed a motion to establish Dongying Shida Shenghua New Energy Co.
, Ltd.
and implement a 5,000 tons/year lithium hexafluorophosphate project
.
The project is built
in two phases.
Among them, the 2000 tons/year lithium hexafluorophosphate project (phase I) has been completed and put into production
.
