Sanxiang Advanced Materials announced on January 27 that the company cooperated with Shi Zhengjun, an associated natural person, to set up Ningde Sanxiang Advanced Materials Co., Ltd. to carry out the nano zirconia project, with an investment of RMB68 million (USD10.52 million). The project company has obtained the business license issued by Shouning County market supervision and administration bureau at the end of June 2020. At present, the project company has launched commercial production recently and has produced qualified nano zirconia products. Nano zirconia can be used in the frontier fields of super toughened ceramics, functional ceramics, structural ceramics, zirconium cerium eutectic, etc.