In order to further expand the production capacity of battery-grade lithium hydroxide, following the day before yesterday (September 1) Tianhua Super net Investment of about 2.3 billion yuan and the people's Government of Jiang'an County, Yibin City, Sichuan Province to sign a project investment agreement, Tianhua Super Clean and Ganmei Industrial Park Management Committee of Meishan City, Sichuan Province, intend to sign a project investment contract to build an annual production line of 60, 000 tons of battery-grade lithium hydroxide and related production facilities and supporting facilities. The total investment of the project is expected to be 2.5 billion yuan.
According to the announcement, the project with an annual production capacity of 60,000 tons of battery-grade lithium hydroxide will be built in two phases, with a production scale of 30,000 tons of battery-grade lithium hydroxide in each phase. The project is expected to start in the second quarter of 2022, and the first two phases will be completed and put into production by the end of December 2024.
In addition, in the project investment between Tianhua Chaojing and the people's Government of Jiang'an County, Yibin City, Sichuan Province, the annual production capacity of 50,000 tons of battery-grade lithium hydroxide will be divided into two phases. the first phase is scheduled to be completed by the end of 2022, and the second phase is scheduled to be completed by June 30, 2024.
Tianhua Chaojing said that this investment is in line with the company's medium-and long-term development plan, will help the company to improve the layout of the lithium materials industry, consolidate and enhance the company's core competitiveness, and the company will implement the project construction in stages in accordance with the contract.
It is reported that Tianhua Ultra Clean has three major business areas: anti-Static ultra-clean technology products, medical device products and new energy lithium materials. From the perspective of business development in the first half of the year, the company's new energy lithium materials business is growing rapidly. In the first half of the year, the company achieved revenue of 1.431 billion yuan, an increase of 87.86% over the same period last year, and a net profit of 313 million yuan, an increase of 66.57% over the same period last year.
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