TDG Holding plans to invest 434 million yuan in a high-end soft magnetic new materials project

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TDG Holding announced that the company plans to invest, through its wholly owned subsidiary TDG Lu'an, in the construction of an intelligent manufacturing project with an annual output of 14,600 tonnes of high-end soft magnetic new materials. The total investment is 434 million yuan, funded by the company's own capital and bank loans. The project plans to build intelligent production lines for metal magnetic powder cores and manganese-zinc ferrite in stages, with a construction period of about 36 months and an expected after-tax return on investment of 18.36 percent. Upon completion, the project will add annual production capacity of 14,600 tonnes of high-end soft magnetic materials, with products applicable to data centres, automotive electronics, energy storage and other fields. This investment has been approved by the board of directors and does not need to be submitted to the shareholders' meeting for review.

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TDG Holding Co Ltd
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TDG Holding announces a 434 million yuan investment in a new high-end soft magnetic materials project, expanding capacity and expected to yield 18.36% after-tax ROI.

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天通六安投资有限公司Private▲ Positive
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TDG Lu'an, as the wholly-owned subsidiary, will implement the project, directly benefiting from the investment and capacity expansion.

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