SHANGHAI, Jun. 6 (SMM) - Anhui Tongguan Copper Foil Co.’s copper foil sales reached an all-time high during January and May of 2017, up 12.9% year-on-year, with sales revenue reaching 971 million yuan, cnmn.com reported.
China’s standard copper foil supplies declined sharply and witnessed shortages from August 2016 after most companies switched from standard foil to lithium battery foil production. Anhui Tongguan Co. had 22,500-tpy standard copper foil capacity and took the chance. It materialized 1.63 billion yuan of sales revenue in 2016.
It expanded capacity and its capacity is expected to reach 40,000-tpy by the end of 2017, 17,500-tpy of which is lithium battery foil capacity.
The company became one of top 5 companies in China’s lithium industry. Its customers cover BYD and Optimum Nano Energy Co.
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