Recently, the Energy Bureau of Guangdong Province completed the review of the energy-saving report for the Cangzhou Mingzhu (002108) South China Base project and granted in-principle approval.
According to the public notice, the project is located in Xiancun Town, Zengcheng District, Guangdong Province, with a total investment of approximately 3.3789 billion yuan. It comprises two sub-projects: lithium battery separator and PE pressure pipes. The main construction scope includes 8 wet-process production lines for lithium battery separators and 6 PE pressure pipe production lines. Upon completion, the annual output will reach 30,000 mt of PE pressure pipes and 2.4 billion m² of wet-process separator. The separator sub-project is planned to commence production in December 2028, while the PE pressure pipe sub-project is planned to commence production in October 2027.
The project is implemented by Guangzhou Mingzhu New Materials Co., Ltd., a joint venture between Cangzhou Mingzhu and Guangzhou Zengcheng Development Zone Eastern Center Investment Co., Ltd., with shareholding ratios of 75% and 25%, respectively.
Information shows that after Guangzhou Light Industry Group took control of Cangzhou Mingzhu, it injected strong momentum into the company. In July this year, Cangzhou Mingzhu reported a succession of good news from various project construction sites this year.
In June, the second phase of Cangzhou Mingzhu’s wet-process lithium battery separator project in Wuhu, Anhui, was fully completed and put into production. In the same month, all five fully automated production lines of the dry-process lithium battery separator project in Cangzhou, Hebei, were put into operation. Two production lines of the Cangzhou wet-process phase I project have entered the trial production stage, while equipment installation for the other two lines is in its final sprint, bringing full production one step closer. The Cangzhou wet-process phase II project was officially launched in April, implemented through a joint venture between Mingzhu Lithium Battery and Mingchuang Lithium Battery, backed by Cangzhou state capital. Equipment orders have been completed, and infrastructure works have also fully commenced.
Combined with the capacity under construction at the Guangzhou South China Base, Cangzhou Mingzhu will then officially join the global first tier of the wet-process separator industry.
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