Xiamen Tungsten News
Xiamen Xiamen Jinlu Cemented Carbide Co., Ltd. plans to invest RMB1.99 bln in constructions of tungsten powder and cemented carbide alloy production lines in Haicang district, Xiamen. The project involves 12 ktpy of tungsten powder, 11.2 ktpy of mixed tungsten material, 2 ktpy of cemented carbide production line and associated workshops and logistic centers. Of these, the 7.5 ktpy tungsten powder, 6 ktpy RPT mixed materials and 1.1 ktpy cemented carbide production lines are existing capacity of Xiamen Jinlu at Jimei district to be relocated to Haicang district.
The project construction is to begin by end-2021 and is scheduled for completion in 2024. The relocation of the existing Jinlu production line from Jimei district is scheduled in H1 2025. The investment payback period is estimated at 8.95 years, including construction period).