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On March 9, Dow Technologies announced that the company signed a 100,000-ton/year ternary precursor project investment cooperation contract with the Wuhu Economic and Technological Development Zone Management Committee.
According to the announcement, the project will be implemented in two phases.
It is understood that in order to promote the realization of strategic planning and business objectives, Dow Technology plans to increase the capital and shares of Wuhu Jiana by introducing strategic investors and establishing a shareholding platform for the senior management team
Dow Technology said that the company has set up a production base in Wuhu to build ternary precursors and supporting projects, which will form three ternary precursor production and manufacturing bases of "Yingde + Longnan + Wuhu", which will effectively guarantee the company's production capacity construction and expand the market.