Jiangxi Yuean Advanced Materials Co.Ltd(688786) announced that Yuelong Xincai, a wholly-owned subsidiary of the company, plans to use self raised funds to invest in the post-treatment and R & D center project of high-performance soft magnetic absorbing series powder materials in Ganzhou economic and Technological Development Zone, Jiangxi Province. The investment amount shall not exceed 150 million yuan. After the project is completed and put into operation, it will form the production capacity of high-performance new materials and series deep processing, such as high-performance soft magnetic electronic materials, metal injection molding materials, new carbon materials, 3D printing materials, microwave absorbing materials and so on.
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