Jinshan Magnetic Materials received 100 million yuan from key industry development investment fund

According to the release of Baotou rare Earth High-tech Zone "one enterprise in our region has won 100 million yuan investment from key industry development investment fund", Baotou key industry investment fund has recently invested 100 million yuan in Baotou Jinshan Magnetic Materials Co., Ltd. It has effectively solved the problem of difficult and expensive financing for enterprises. at the same time, it has provided help for enterprises to introduce advanced management concepts and technology, talents, market and other resources.

The fund investment is mainly used for the construction of the second phase of the production line, the renewal of some equipment and application research and development of the first phase of the production After the completion of the project, the enterprise's high-performance NdFeB sintering production capacity will increase from 2500 tons to 5000 tons, helping our city to achieve the goal of producing more than 100000 tons of rare earth magnetic materials and more than 5 listed magnetic materials enterprises by 2025. Build the country and even the world's largest production and sales base of rare earth magnetic materials and deep processing products. At the same time, the output value of the project can reach 1 billion yuan after reaching production, with a substantial increase in profits and taxes, which will become a new source of financial growth.