On January 17, Guangdong Fuyuan rare earth new materials Co., Ltd. held a commencement ceremony for the relocation, upgrading and transformation project of 5000 tons of medium yttrium rich europium rare earth separation production line. Jiang Kun, vice mayor of Meizhou City, Liao Maozhong, Secretary of Pingyuan county Party committee, Zhang Xigang, Secretary of the Party committee and chairman of Rising Nonferrous Metals Share Co.Ltd(600259) Metal Co., Ltd., Lin Yuanji, deputy director of the Municipal Bureau of industry and information technology, Wang Junhui, Yu Yizong, Han Xu, Chen Yonghe and Luo Yixin, county leaders, Yu Hong, member of the Party committee and vice president of Rising Nonferrous Metals Share Co.Ltd(600259) Metal Co., Ltd., Li Aidong, Secretary of the Party committee and chairman of Guangdong Arcplus Group Plc(600629) , Ding Xuewen, chairman of Guangdong Fuyuan rare earth new materials Co., Ltd., attended the event.
It is understood that the project is located in Guangzhou Nansha (Pingyuan) industrial transfer industrial park, Pingyuan County, Meizhou City, with a total area of 208 Mu and a total investment of 21.8123 million yuan. Through the acquisition of completed fixed assets of similar projects under construction and continued construction, the project will build a 5000 ton medium yttrium rich europium rare earth separation production line to separate and purify lanthanum oxide, neodymium oxide 15 kinds of single high-purity rare earth oxides or rare earth concentrates such as yttrium oxide. The project is expected to be completed in September. After the full completion of the project, the equipment and process level of Fuyuan company will reach the national leading level, the output value will increase by 3.5 times, it is expected to reach 2 billion yuan, and the profit and tax will reach 138 million yuan.
Rising Nonferrous Metals Share Co.Ltd(600259) Metal Co., Ltd. is the core enterprise of Guangdong rare earth industry group, one of the six national rare earth industry groups. It is an important platform for rare earth resource integration and industrial development in Guangdong Province. As a key rare earth separation enterprise under Rising Nonferrous Metals Share Co.Ltd(600259) , Fuyuan company is an important carrier for Rising Nonferrous Metals Share Co.Ltd(600259) to implement the national rare earth strategy. In 2021, the sales revenue exceeded 1 billion yuan and the tax exceeded 40 million yuan, fully demonstrating the political and social responsibility of provincial state-owned enterprises to support the revitalization and development of the Soviet Area and promote regional coordinated development.
In his speech, Liao Maozhong expressed warm congratulations on the commencement of the project on behalf of Pingyuan county Party committee and county government. He said that the commencement of Fuyuan company’s project is a concrete action of Pingyuan county to implement the first priority of development by the municipal Party committee and government, an important achievement of rejuvenating the County through industry, and a pragmatic move Rising Nonferrous Metals Share Co.Ltd(600259) to add new momentum to the revitalization and development of the Soviet area. Pingyuan county Party committee and government will continue to optimize the business environment, practice the service concept of “regular contact, immediate handling and active help”, strengthen the guarantee of land use, employment and energy consumption, implement the preferential policies for enterprises, solve the problems and difficulties of enterprises with care, and support enterprises to concentrate on their main business and concentrate on accelerating development.
It is hoped that Rising Nonferrous Metals Share Co.Ltd(600259) will always attach importance to supporting the economic development of Pingyuan, adhere to the win-win development of government and enterprises, settle more large and good projects, extend the industrial chain of rare earth intensive processing, jointly build a characteristic industrial park of rare earth application products, and actively integrate into the “Guangdong strong core” project. It is hoped that Fuyuan company will seize the opportunity, deeply cultivate Pingyuan, do a good job in project construction with high quality and efficiency, strive for early completion, early production and early results, and demonstrate and drive more enterprises to invest in Pingyuan, help Pingyuan and develop Pingyuan.
