Inner Mongolia Chayouhou Banner produces 30,000 tons of graphite electrodes annually

Inner Mongolia Hongfeng New Materials Co., Ltd. started the project in the fall of 2017 for Chayou Houqi with a total investment of 50 million Yuan. The project is divided into two phases. The first phase of the project will invest 50 million Yuan to build an annual output of 03,000 tons of lithium battery negative electrode materials and 30,000 tons of high-power graphite electrodes. Construction began in July 2017; The second phase plans to invest 70 million Yuan in the construction of an annual output of 70,000 tons of lithium battery negative electrode materials and 25,000 tons of high-power graphite electrodes. It is planned to start construction in 2018. The project is expected to be completed and put into operation in December 2018. By then, the annual output value will reach 420 million Yuan, achieve a profit tax of 30 million Yuan, and solve the local employment of more than 200 people.

As of the end of December, the first phase of the project has completed investment of about 50 million Yuan. The construction of the factory building foundation and steel structure and operation workshop of the production workshop has been completed. Eight graphite furnace exterior walls have been built and equipment is currently being installed.

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