Yonz Technology to build 60ktpy finished battery aluminum foil project

Yonz Technology Co., Ltd. announced on September 16 that it plans to invest in a project to produce 60,000tpy of finished battery aluminum foil.

The project will be implemented by its wholly-owned subsidiary, Yonz Technology (Wuhu) Co., Ltd., in the Fanchang Economic Development Zone in Wuhu, Anhui Province. With an estimated construction period of two years, the project involves a total planned investment of RMB597 million (USD88.98 million), funded by the company's own funds or self-raised capital. Once completed, the company will have a production capacity of 60,000tpy of finished battery aluminum foil.