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Innuovo Aims to Invest in a 5,000-Ton Sintered NdFeB Expansion Project with a Total Budget of Approximately RMB 424 Million
1 week ago /
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Author：小编
On June 27, Innuovo Technology Co., Ltd. announced a resolution to invest in a substantial expansion project for sintered NdFeB production, with a target capacity of 5,000 tons. This investment, totaling approximately RMB 423.81 million, will be facilitated through its wholly-owned subsidiary, Zhejiang Dongyang Dongci Rare Earth Co., Ltd. The primary objectives of this project are to significantly increase production capacity and bolster the company's market competitiveness.
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