China's Baogang Group to Open New Rare Earth Base, Xinhua Says

Industry News 10:03:08AM Feb 17, 2012 Source:SMM

Feb. 16 (Bloomberg) -- Baogang Group and Jiangsu Tiancai Technology Material Co. will jointly build and run a rare-earth luminescent-material production base in eastern China's Jiangsu province, Xinhua News Agency said today, without citing anyone.

The new base will cover an area of 67 acres and have production capacity of as much as 1,500 metric tons, according to the report. The venture targets annual output value of more than 1.5 billion yuan in its first phase, Xinhua said.

Inner Mongolia Baotou Steel Rare-earth Hi-tech Co., China's biggest producer of rare earths, is a unit of the Baogang Group, the official news service said.
 

Key Words:  Baogang Group  steel 

China's Baogang Group to Open New Rare Earth Base, Xinhua Says

Industry News 10:03:08AM Feb 17, 2012 Source:SMM

Feb. 16 (Bloomberg) -- Baogang Group and Jiangsu Tiancai Technology Material Co. will jointly build and run a rare-earth luminescent-material production base in eastern China's Jiangsu province, Xinhua News Agency said today, without citing anyone.

The new base will cover an area of 67 acres and have production capacity of as much as 1,500 metric tons, according to the report. The venture targets annual output value of more than 1.5 billion yuan in its first phase, Xinhua said.

Inner Mongolia Baotou Steel Rare-earth Hi-tech Co., China's biggest producer of rare earths, is a unit of the Baogang Group, the official news service said.
 

Key Words:  Baogang Group  steel