Xinke Materials to build 660 million to build 120,000 tons of copper rod project

According to a report on June 11, Xinke Materials announced today that the board of directors has considered the proposal to build a 120,000t copper rod project. The total investment of the project is about 666 million yuan. The funds come from the company's self-raising, banking and other methods**.

Copper rod products are an important part of the company's product chain. In the copper rod industry, the company has accumulated good market, technology, and management foundations. The company plans to invest in and build 120,000 tons of copper rods, upgrade copper rod products, expand market coverage, and form a multi-level product structure for the company's sustainable development. Will play an active role. The construction period of the project is about 24 months. After the project is completed, the company can produce 120,000 tons of copper rods annually and enter the high-end market. According to the company's economic analysis, after the project is completed, it is expected to realize an annual sales income of 6.165 billion yuan and a net profit of 36.27 million yuan.