Qinghai Salt Lake Teli magnesium plans to build a project of development and application of new magnesium and aluminum alloy materials with an annual output of 5000T.

Recently, Salt Lake Co., Ltd. issued an announcement that Qinghai Salt Lake Maverick magnesium Co., Ltd., a wholly owned subsidiary of Qinghai Salt Lake Industrial Co., Ltd. (hereinafter referred to as "Salt Lake Co., Ltd." or "Company"), in order to solve the development dilemma, integrate into the industrial core area to resolve the regional disadvantages far away from the customer market, realize turning losses into profits as soon as possible, and plan to lay out the magnesium industry chain through the construction of factories in different places. Coordinate to drive the existing production equipment in Qinghai, improve the whole industry chain of magnesium alloy production, reduce production costs, realize a virtuous circle, and improve enterprise efficiency. Maanshan City, Anhui Province, Maanshan City, Maanshan City, Anhui Province, the company plans to invest in the construction of 5000T of magnesium, aluminum alloy new materials development and application project.

It is understood that the total investment in the development and application of new magnesium and aluminum alloy materials with an annual output of 5000T is 49.8605 million yuan. The construction investment is estimated to be 46.2005 million yuan, of which 0 yuan is the construction cost (the construction project is funded by the government. Teri magnesium is settled in the form of lease), 29.12 million yuan for equipment purchase, 7.1025 million yuan for installation, 6.9555 million yuan for other construction expenses, 3.0225 million yuan for reserve fees, and 3.66 million yuan for working capital. After the completion of the project, it will have an annual production capacity of 5000 tons of magnesium and aluminum alloy die castings. The construction site is in Hanshan County, Maanshan City, Anhui Province, with a construction period of 24 months.

Salt Lake said that at present, most of the domestic die-casting manufacturing industries are concentrated in the Yangtze River Delta, Pearl River Delta, coastal areas, etc., and the industries such as die-casting manufacturing, mold design and full-process production in the aforementioned areas are relatively perfect, with a concentration of high-end talents and strong R & D forces in the industry. Maverick magnesium has developed more than 30 kinds of magnesium / aluminum alloy products since its mass production in 2017. Due to being far away from the above areas, there are obvious regional disadvantages, such as lagging access to frontier market information, lack of supporting post-process processes such as machining, shortage of professional R & D personnel, weak R & D strength, high logistics and transportation costs, delayed feedback of quality information, and other obvious regional disadvantages, resulting in sustained losses for enterprises. in order to break through the operating difficulties and realize turning losses into profits to ensure the sustainable development of enterprises, based on the Chaerhan Salt Lake and relying on the rich mineral resources in the Qaidam Basin, With magnesium as the core, sodium utilization as the side line, chlorine balance as the premise, coal as the support and natural gas as the assistant, a circular economy industrial chain with "distinct main body and outstanding characteristics" is built in Chaerhan Salt Lake area. realize the integrated development of salt chemical industry, coal-based chemical industry, natural gas chemical industry, non-ferrous industry and metallurgical industry. This project relies on the salt lake magnesium industry. After the completion of the project, it will help to better fit the rich magnesium resources of Qinghai Salt Lake, extend the industrial chain, improve the added value of products and the economic benefits of enterprises. The project, as a key link in the application of magnesium materials, will contribute to the better and faster development of the company.

In addition, Salt Lake said that by making use of the abundant metal magnesium resources in Salt Lake, advanced die-casting equipment and the advantages of maverick magnesium's rich production practice and management experience, the project can consume the stock of upstream metal magnesium raw materials, expand the industrial chain, and improve the added value of products, which is of great significance to the construction of economic growth. This project is in line with the overall strategy of the national "Belt and Road Initiative" and the company's 14th five-year Plan, and meets the requirements of the national environmental protection policy. This project is chosen to be built in Hanshan Economic Development Zone of Anhui Province. Hanshan Economic Development Zone is located in the central and eastern part of Anhui Province, affected by the triple radiation of the Yangtze River Economic Belt, Hefei Metropolitan area and Nanjing Metropolitan area, and located in the middle of Nanjing, Hefei, Maanshan, Wuhu, Tongling and Chuzhou. It has the location advantage of "one county and six cities", and is the bridgehead to undertake the industrial transfer in the Yangtze River Delta. Hanshan County enjoys the reputation of "hometown of Foundry". The region has approved the surplus of casting capacity, has a sound supporting basis of industrial chain and many preferential policies for project construction, and has obvious advantages in policy, environmental protection, location, industry, transportation, progress and investment cost. The external construction conditions are good, and there are no external adverse factors and environmental conditions. After the completion of the project, the local market resource advantage will be transformed into economic advantage, which can enhance the company's economic strength and promote the development of regional industry. The implementation of the project not only promotes local economic development, but also provides jobs for the society. The project has advanced production technology, good economic and social benefits, good investment effect, broad product market and strong development potential. It has obvious economic benefits and certain anti-risk ability. Therefore, the construction of this project is feasible as a whole.