Tianhe Magnetics plans to invest in the construction of a high-performance rare earth permanent magnet and component, equipment manufacturing and research and development project in Baotou City
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Tianhe Magnetics' wholly-owned subsidiary signed an investment agreement with Baotou Rare Earth High-tech Industrial Development Zone, planning to invest 850 million yuan in Baotou City to build a high-performance rare earth permanent magnet and component, equipment manufacturing and R&D project. The project will be constructed in two phases, with the first phase involving an investment of 210 million yuan and a construction period of 18 months, aimed at improving the industrial layout and expanding the company's business scale
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