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北矿科技(600980.SH):子公司拟投资建设磁性功能材料研究院项目

BGRIMM Technology (600980.SH): A subsidiary plans to invest in the construction of a magnetic functional materials research institute project.

Gelonghui Finance ·  Dec 25 17:41

Gelonghui reported on December 25 that BGRIMM Technology (600980.SH) announced that the Board of Directors approved its wholly-owned subsidiary, BGRIMM Magnetic Material Technology Co., Ltd. (referred to as "BGRIMM Magnetic Materials"), to invest in the construction of a magnetic functional materials research institute project. This project is mainly for incubating new technologies and new products in high-performance magnetic materials and magnetic devices, as well as constructing laboratories and pilot production lines, and supporting public auxiliary projects. The construction site for the project is located in the Fuyang Economic and Technological Development Zone in Anhui Province, within the existing factory area of BGRIMM Magnetic Materials (Fuyang) Co., Ltd., which is a wholly-owned subsidiary of BGRIMM Magnetic Materials. The building will occupy an area of approximately 5,000 m2, with a total construction area of about 10,000 m2. The investment for the project is set at 46.8633 million yuan, and the construction period is expected to be 16 months. The funding for this project comes from the own funds of BGRIMM Magnetic Materials.

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