Liquidmetal Technologies Announces New Joint Venture and Manufacturing Facility in Hangzhou
Liquidmetal Technologies, Inc. has announced a significant development in its operations with the establishment of a new joint venture company, Hangzhou Feifeng Liquidmetal Co. Ltd., in Hangzhou, China. This venture, formed in collaboration with Liquidmetal Asia Holdings Limited, a wholly owned subsidiary of Liquidmetal Technologies, aims to develop a state-of-the-art manufacturing facility dedicated to the production of amorphous alloy products. The facility will feature 71,000 square feet of space and accommodate up to 40 die-cast machines, with operations expected to commence by mid-2026. The joint venture will see Liquidmetal Asia holding a 70% stake and an individual investor contributing $6 million USD in initial capital investment for a 30% share. This initiative is poised to leverage Hangzhou's status as an innovation hub, offering access to top-tier suppliers and research institutions, and marks a significant step forward in Liquidmetal Technologies' mission to advance amorphous alloy technology.
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