On November 30th, the Fangchenggang Municipal Party Committee and Municipal Government held a signing ceremony for major projects of 2022 Q4 in Fangchenggang. Guangxi Ubridge's "200,000 Tons/Year Lithium Iron Phosphate Project" was invited to participate in the on-site signing ceremony.
▲ Mr. Ling Zhifeng, Vice Chairman of Guangxi Autonomous Region and Director of the Public Security Department, Mr. Tan Pichuang, Secretary of the Municipal Party Committee, Ms. Huang Jiang, Deputy Secretary of Municipal Party Committee and Mayor of Fangchenggang, Mr. Pangka, Chairman of Municipal Committee of the Chinese People's Political Consultative Conference, and other leaders and guests witnessed the signing of the contract.
The 200,000 Tons/Year Lithium Iron Phosphate Project of Guangxi Ubridge is part of the national development strategy for emerging industries. The project takes advantage of Ubridge's existing annual output of 100,000 tons of iron oxide and Fangchenggang being a phosphate production base and further extends the titanium and zirconium industry chain. Over RMB 7 billion is planned to be invested in this major project. It is expected to generate an annual revenue of RMB 32 billion, tax revenue of RMB 1.5 billion, and profit of RMB 2.6 billion after completion, with more than 1,000 jobs to be created. This will provide a significant boost to the local economy of Fangchenggang City.
Mr. Li Lvhua, Chairman of the Board of Directors, was not able to attend the meeting due to the pandemic, but he sent a video statement upon invitation: “Since starting our business in Fangchenggang in 2004, we have grown from the original RMB 100 million of investment and RMB 300 million of output value to more than RMB 600 million of investment and nearly RMB 2 billion of output value in 2019, and now to a planned investment of over RMB 7 billion and an expected output value of nearly RMB 32 billion. The visionary positioning of Fangchenggang Municipal Party Committee and Municipal Government, the efficient and practical working style of local departments, the excellent port logistics and infrastructure, and the continuous improvement of the investment and business environment have made Ubridge full of confidence in continuing our invest and develop in large-scale projects in Fangchenggang! After the signing of the project, Ubridge will start working on the project site as soon as possible and carrying out the overall design and the preliminary preparation of environmental, safety, and energy assessments. Once the project is ready for construction, we will carry out the first phase as quickly as possible while ensuring the construction safety and strive for an early completion and commissioning.”
Ms. Huang Jiang, Deputy Secretary of Fangchenggang Municipal Party Committee and Mayor of Fangchenggang City, stated in her speech that: all departments at all levels in Fangchenggang City should resolutely take up the main responsibility and serve the enterprises with integrity and commitment in mind, ensuring the early implementation, construction, and production of all signed projects.
