Zhuzhou Smelter Group Plans To Invest RMB 338 Million In Co-establishing 300000-ton Zn-based Material Project

Zhuzhou Smelter Group Plans To Invest RMB 338 Million In Co-establishing 300000-ton Zn-based Material Project

Zhuzhou Group well follows corporate development plan to continue brand strategy. Beside the 300000-ton zinc smelting project in Shuikoushan Economic Development Zone Industrial Park in Changning, Hengyang, Hunan, the company plans to co-establish holdings subsidiary in Nanzhou Industrial Park in Lukou, Zhuzhou, Hunan, to launch a 300000-ton Zn-based material project, with an estimated total investment of RMB 338 million.

Zhuzhou Smeltor New Material is planned to be co-established by 6 shareholders, wherein Zhuzhou Smelter Group plans to invest RMB 81.1 million, occupying 45.06%. The other five investors respectively are Zhuzhou Torch Industrial Furnace Co., Ltd., Zhuzhou Torch Engineering Co., Ltd., Zhuzhou SAH Innovation & Entrepreneur Investment Co., Ltd., Shenzhen Liangke Entrepreneur Investment Co., Ltd. and Zhuzhou Lukou Economic Development Zone Industrial Development Co., Ltd.

This project boasts total investment of RMB 338 million, of which fixed investment of about RMB 122 million and full circulating capital of RMB 216 million. Financial analysis shows that total annual investment will be about RMB 45 million, ROI 15.36%, ROE 22.98%, payback period 8 year.

According to Zhuzhou Smelter Group, this project is contributive to maintaining the advantages of company brand, expanding Zn-based material market, and improving market competiveness. It is a positive driving force for corporate performance growth after in reaches target capacity.