On April 1, Cangzhou Mingzhu Plastic Co., Ltd. announced that its subsidiary company Mingzhu Lithium Battery and Mingchuang Lithium Battery plan to jointly invest in establishing a company in the Cangzhou High-tech Zone to implement the Phase II project of the annual 1.2 billion square meter wet-process lithium battery separator project.
The total investment of the project is Yuan 1.8 billion, primarily used for the construction of four ultra-thin wet-process separator production lines, supporting coating equipment, production plants, warehouses, office and auxiliary facilities, as well as related auxiliary equipment for production, inspection, environmental protection, safety, etc. This matter does not require approval from the shareholders' meeting.
On the same day, Mingzhu Lithium Battery and Mingchuang Lithium Battery signed a Joint Venture Agreement in Cangzhou, planning to jointly invest in establishing a company to implement the Phase II project of the annual 1.2 billion square meter wet-process lithium battery separator project.
Edited by Cassie Li, lixiangying@mysteel.com
