Formally established "Chaoyang Rilong Vanadium Industry Co., LTD."

On September 25, 2011, our company formally established "Chaoyang Rilong Vanadium Industry Co., LTD". The project is located in Metallurgical casting and forging Industrial Park, Katzuo County, Liaoning Province, covering an area of 75 mu. The project has administrative management section, engineering technology research and development department, industrial production workshop and auxiliary engineering. With a total investment of 70 million yuan, the project will be completed in two phases, with an annual production capacity of 600 tons of ammonium metadadate, an annual output value of about 72 million yuan, and an annual profit and tax of 17.962 million yuan. The project will be completed and put into trial operation in 2012.

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