Sanxiang Advanced Materials (SHA:603663) subsidiary Liaoning Huaxiang New Materials will invest up to 300 million yuan in a zirconium and hafnium separator project, according to a Tuesday filing with the Shanghai bourse.
The project will have an annual production capacity of 20,000 tons of hafnium and zirconium at a facility in Liucheng Economic Development Zone, Chaoyang City, Liaoning Province, China.
Liaoning Huaxiang New Materials will be the implementing entity of the project, the filing said.
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