Biz News Flash
Sino-German JV in Tungsten processing planned
(Xinhua)
Updated: 2011-05-24 14:08
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H.C. Starck, the world's leading refractory metals and advanced ceramics supplier based in Germany, will build two joint ventures in the city of Ganzhou of eastern China's Jiangxi province.
According to an agreement between the German company and Jiangxi Rare Earth & Rare Metals Tungsten Group Holding Co, Ltd (JXTC), the two joint ventures will engage in intensive processing of tungsten and manufacturing of related products.
Cost of the two joint ventures is estimated at 80 million euros ($112 million). They will annually produce around 30,000 tons of fine tungsten products beginning 2012. The products will be mainly offered on Asian markets.
This will be the biggest investment project H.C. Starck launches in China.
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