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Heading to the overseas lithium project in Indonesia

Heading to the overseas lithium project in Indonesia

2021-10-15

The whole country was celebrating the NationalDay holiday.On the moring of Octorber 5th,ChengxinLithium blowed the horn to go to the Indonesia. Led by Executive Vice President FangYi,the team gathered members fromfinance,civil engineering,equipment management and design,set off from Guangzhou to Morowali Industrial Park (IMIP) in Morowali County, Central Sulawesi Province, Indonesia. 

This is the first group sent byChengxinLithium to overseas in 2021.It marks the beginning of the project of 50,000 tons Lithium hydroxide and 10,000 tons Lithium carbonatein Indonesia. 

The project team will communicate with partner STELLAR deeply about the processprogram,market,funding,scale,technology,environment and construction resources to promote the project as soon as possible after arriving at the IMIPindustrial park.ChengxinLithium and STELLAR will use their advantages and resources to construct the 50,000 tons Lithium hydroxide and 10,000 tons Lithium carbonate in Indonesia as the most advanced manufacture base of power battery.The project conforms to the planning of the Indonesian government and Chinese government's Belt and Road development strategy.It also conforms to the strategic development of both parties and the strategic needs of global market. 

Once put into production, the project will expand the capacity of the lithium salt business greatly,improve the income and profitability significantly,enhance the market occupancy and influence and push the company to achieve strategic objectives of “becoming a global leading enterprise of lithium new energy materials with leading capacity and quality”. 

 


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