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Inster Aims to Invest 650 Million Yuan in Rare Earth Permanent Magnet Material Project in Inner Mongolia, with Initial Phase Budgeted at 400 Million Yuan
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Author：小编
On June 18, Inster announced its intention to invest a substantial sum of 650 million yuan in the establishment of an integrated rare earth permanent magnet materials project in Baotou City. This strategic investment is aimed at bolstering the company's production capacity for its core products and fortifying its overall competitiveness. The project has received the green light from the company, with funding sourced from a combination of internal resources, self-raised capital, and contributions from a planned newly-established wholly-owned or holding subsidiary. This initiative aligns seamlessly with Inster's long-term strategic vision for future growth.
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