Salt Lake Group 180 million established magnesium

After more than a year's gestation, Salt Lake group invested 19.8 billion yuan in Salt Lake Magnesium and sodium resources comprehensive utilization metal magnesium integration project start-up project finally officially started on July 27.　　Yesterday, Salt Lake Group was hot, and then issued a notice announced the investment of 180 million yuan set up Qinghai Salt Lake Special Magnesium Co. Salt Lake Group recently launched magnesium Salt Lake Resources Comprehensive utilization of metal magnesium integration project, divided into general projects and start-up projects. Its total project size of 400,000 tons of metal magnesium, 2 million tons of PVC, 2 million tons of soda and ancillary thermoelectric projects, the total investment of about 60 billion yuan. All completed, can realize the annual output value of more than 40 billion yuan. The July 27 start-up project for 100,000 tons/year of metal magnesium, 500,000 tons/year of PVC, 1 million tons/year soda and supporting the corresponding heating center, 100,000 tons of calcium chloride and other projects, Utzarkhan Salt Lake Formal ground construction, the total investment of about 19.8 billion yuan.　　After the calculation, the project is completed and put into operation can realize the annual output value of about 11 billion yuan, profit of about 2.7 billion yuan, static investment recovery period of 6.56 years.　　It is reported that the integration of metal and magnesium projects and related projects completed and put into production, Salt Lake Group will be from the potash industry, salt chemical industry into non-ferrous metals and coal salt combined with chemical field, and gradually form a magnesium industrial cluster, the world's largest magnesium industrial base. Just to the market hit 60 billion yuan "Big Mac", Salt Lake Group immediately strike the iron. The company announced the establishment of Qinghai Salt Lake Special Magnesium Co., Ltd. is a wholly-owned subsidiary, the company registered capital of 40 million yuan, the total investment of the project amounted to 180 million yuan.　　Among them, construction investment of about 160 million yuan, registered capital of 40 million yuan has been put into the company, the total project investment in addition to its own funds to take the form of debt solution. The announcement indicated that the project construction scale is the annual output 4000T magnesium alloy die-casting. Company to AM60B, az91d and other magnesium alloys, according to market demand for the production of automotive dashboard beam, 3C product shell, aero-engine parts for waiting, 3C, aerospace magnesium alloy die-casting products.　　Qinghai Salt Lake Special Magnesium Co., Ltd. up to the postpartum, annual after-tax profit of about 35.1 million yuan/year, the estimated static investment recovery period of about 5.2 years. Salt Lake Group yesterday closed at 19.53 Yuan, down 0.1%. The unit has fallen by 9.57% per cent in the past 3 months.