On August 14, Heron Tungsten announced that it intends to set up a wholly-owned subsidiary, Guangdong Xianglu New Materials Co., Ltd. (The final name is subject to industrial and commercial registration, hereinafter referred to as "Xianglu New Materials"), with a registered capital of RMB 100 million.
Tungsten wire, as a new material of diamond wire bus for photovoltaic cutting silicon wafer, has been favored by diamond wire enterprises in recent years.
In response to this investment, Heron Tungsten said that the company has always attached great importance to important technology research and development and quality control, tungsten wire materials into the field of diamond wire is still a short time, there are still many scientific research problems to be overcome, the company established Xianglu new materials, will help to integrate resources, equipped with professional and technical forces to engage in research and development of tungsten wire materials. Tungsten wire material is processed from tungsten powder to match downstream diamond wire production.
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