Xianglu Tungsten intends to set up a wholly-owned subsidiary Xianglu New Material with 100 million yuan of its own funds, aiming to strengthen the research and development and quality management of tungsten wire products for diamond wires, and to boost the upgrading of the industrial chain structure under the condition of perfecting the existing supply chain.
Tungsten wire is an emerging material for diamond wire busbars used for photovoltaic cutting of crystalline silicon wafers, which has a broad market prospect. As tungsten wire material has entered the field of diamond wire for a short period of time, there are still many scientific research problems to be overcome. The establishment of Xianglu New Material by Xianglu Tungsten will help integrate resources, equip professional and technical force to engage in the research and development and production of tungsten wire material, and process tungsten powder into tungsten wire material to match the downstream production of diamond wires, so as to realize the mastery of the whole process of technology and quality management, and help to enhance the quality of tungsten wire and to quickly cooperate with the development of new products. The development of new products will be quickly coordinated with the development of new products.
In August 2022, Xianglu Tungsten announced its intention to invest RMB 78,433,700 in the R&D project of ultrafine tungsten wires for photovoltaic. Among them, the investment in equipment is about 73.9237 million yuan, supporting works are 2.38 million yuan, and the site decoration cost is 2.13 million yuan; the construction period is 18 months.
More details of tungsten, molybdenum and rare earth news, please visit website: https://www.ctia.com.cn/en/
Please contact CHINATUNGSTEN for inquiry and order of tungsten and molybdenum product:
Email: sales@chinatungsten.com
Tel.: 86 592 5129595
