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Sinochem News News On December 28, 2021, Tinci Materials issued an announcement that the company plans to establish a wholly-owned subsidiary in Sihui City, Zhaoqing, Guangdong to invest in a lithium battery electrolyte project with an annual output of 200,000 tons
According to the plan, the total investment of the project is about 820 million yuan, and the construction period is 12 months.
Tianci Materials stated that in view of the company’s key customers’ production capacity layout and planning in southern China, the company intends to implement the project to achieve the goal of "nearby supply" to key customers, so as to increase the speed of response to key customers in southern China and reduce transportation costs.
It is understood that most of the expansion projects of Tinci Materials are progressing smoothly