a new journey for diversified development – Sichuan Road & Bridge’s 50,000-ton lithium battery cathode material project construction was launched, concentrated commencement ceremony of key projects of Sichuan state-owned enterprises in the fourth quarter of 2018 was held

On the morning of December 25, the concentrated commencement ceremony of key projects of Sichuan state-owned enterprises in the fourth quarter of 2018 and the commencement ceremony of the annual 50,000-ton lithium battery cathode material project of Sichuan Road & Bridge, a subsidiary of Sichuan Railway Investment Group, was held in Shehong County. Xu Jin, Secretary of the Party Committee and director of the Provincial State-owned Assets Supervision and Administration Commission, declared open the commencement work. the ceremony was also attended by Shao Gejun, Party Secretary of Suining City; Liu Yun, Director of the Standing Committee of the Municipal People’s Congress; He Xiaochun, Deputy Party Secretary, Vice Chairman and General Manager of Sichuan Railway Investment Group; Yan Zhiming, Assistant to the General Manager of Sichuan Railway Investment Group; Gan Hong, Deputy Party Secretary of Sichuan Road & Bridge Group and Sichuan Road & Bridge Co., Ltd.; Hu Yuanhua, Deputy General Manager of Sichuan Road & Bridge Co., Ltd.; and other leaders. The ceremony was chaired by Xue Dongbing, a member of the Party Committee and Deputy Director of the Provincial State-owned Assets Supervision and Administration Commission.

A total of 7 projects were involved in this concentrated commencement ceremony, involving the provincial key enterprises Railway Investment Group, Transportation Investment Group, Energy Investment Group, HUASHI Group, and Nonferrous Technology Group, covering new energy, transportation, municipal construction, ecological governance, among others. The planned investment totals 45.57 billion yuan. a total investment of 800 million yuan is planned for Sichuan Road & Bridge’s annual 50,000-ton lithium battery cathode material project, with phase-I investment of 390 million yuan. It is expected to be put into production in October next year, with an annual output value of upwards of 1 billion yuan and annual profit of up to 100 million yuan.

At the commencement ceremony, General Manager He Xiaochun offered his congratulations on the commencement of Sichuan Road & Bridge’s annual 50,000-ton lithium battery project. He pointed out that lithium battery cathode material, as a new energy material, is environmentally friendly and has broad market prospects, and satisfies the development requirements of Sichuan province to build the “5+1” modern industrial system. In the future, Railway Investment Group will build the lithium battery industry chain based on the expanded production capacity. The smooth commencement of the project is a good start. It is hoped that Xinlixiang Company will be benchmarked against the advanced industry players, and “build a first-class factory, produce first-class products, create a first-class brand, and become a first-class enterprise”, thus contributing to Sichuan as an economically advanced province.

Xu Jin, Director of the Provincial State-owned Assets Supervision and Administration Commission, stressed at the commencement ceremony that: Speeding up the construction of key projects of provincial state-owned enterprises is a concrete move to implement the decisions of the provincial Party committee and the provincial government in the form of large-scale quality projects. It is hoped that provincial state-owned enterprises concentrate on the implementation of the “Project Year” work, formulate the project deadline, carry out meticulous organization and scientific construction, and accelerate new construction projects and projects under construction, make the projects produce results as soon as possible, complete the annual target tasks, and contribute to the economic development of Sichuan province.

At the ceremony, Feng Fagui, Deputy Secretary of the Suining Municipal Party Committee, and Du Gang, Chairman of Xinlixiang Company, made speeches to stake their positions.

As another major move for Sichuan Road & Bridge’s transformation and upgrading, and high-quality development, the investment of annual 50,000-ton lithium battery cathode material project and the establishment of Xinlixiang Company are the concrete steps taken by Sichuan Road and Bridge in response to the “5+1” industrial strategy by the provincial Party committee. It is also a specific move in the context of the “3+4” new industrial structure of Sichuan Railway Investment Group. It will further promote the “one mainstay and many branches and five-zone synergy” in Sichuan Province, injecting new driving force into local economic development and enterprise efficiency improvement. The project will be completed in three phases over a period of 4 years. After 28 production lines of cathode materials are put into production, it will create over 1,000 jobs, providing the employment of over 2,000 people, with an annual output value of 10 billion yuan.