TDG Holding has announced its intention to allocate 434 million yuan, channeling the investment through its wholly-owned subsidiary, Tiantong (Lu'an) New Materials Co., Ltd. This substantial investment will be used to develop a state-of-the-art intelligent manufacturing facility dedicated to the production of high-end soft magnetic new materials, boasting an impressive annual output capacity of 14,600 tons. The anticipated construction timeline for this ambitious project spans roughly 36 months. Presently, the project is in its nascent stages of preliminary preparation, with the notable milestone of having finalized the comprehensive planning and design of the production site already achieved.