Nuode Investment Co.Ltd(600110) (600110) announced on the evening of January 16 that the company plans to invest in the construction of a new production base of 100000 tons of copper foil materials in Huangshi City, Hubei Province, comply with the new situation of the rapid development of the new energy battery material market, better match the rapidly growing scale of customers, further improve the market share, give further play to the industrial scale effect and continuously improve the competitiveness of enterprises. The registered capital of the project is 3.5 billion yuan.
Nuode Investment Co.Ltd(600110) said that according to the needs of business layout, the company invested in the construction of a new production base of 100000 tons of copper foil materials in the central region to provide supporting supply to downstream customers nearby, which is in line with the national macro industrial policy. This will help to further expand the company’s production capacity, reduce product costs, enhance industrial competitiveness and continuously improve the company’s income level. After the completion of the project, the company’s operating performance will achieve effective growth, and the market scale and sustainable profitability will be further improved.
