Anning Co., Ltd.: it is planned to invest 10 billion yuan to build the whole industry chain project of energy grade titanium (alloy) materials with an annual output of 60,000 tons.

On April 2, Anning announced that in order to give full play to the advantages of Panzhihua vanadium and titanium resources, Sichuan Anning Iron and Titanium Co., Ltd. strategic layout and long-term planning. Recently, the company and Panzhihua Vanadium and Titanium High-tech Industrial Development Zone Management Committee signed the "Sichuan Anning Iron and Titanium Co., Ltd. annual output of 60,000 tons of energy-grade titanium (alloy) material whole industry chain project investment contract." The total planned investment budget of the project is 10 billion yuan.

Project Overview

1. Project name: the whole industry chain project with an annual output of 60,000 tons of energy-grade titanium (alloy) materials.

2. The main contents of the project: sponge titanium and its supporting production line, titanium (alloy) material ingot casting, rolling production line.

3. Project land: the project construction land area is about 2000 mu, which is located in Like District of Panzhihua Vanadium and Titanium High-tech Industrial Development Zone.

4. Project investment: the overall planning investment budget of the project is 10 billion yuan, which is divided into three phases. The first phase investment is 5.5 billion yuan, the second phase investment is 2.5 billion yuan, and the third phase investment is 2 billion yuan.

5. Construction cycle: the project starts construction after obtaining legal and compliant construction procedures. The planned construction period of the first phase of the project is 24 months, and the planned construction period of all three phases is 60 months.