25, Tongwei announced that the company would invest about 28 billion yuan in the construction of Ordos Green Base Material Integration Project in two phases, each of which is expected to last 15-18 months.
The announcement shows that the first phase of the project is to build 200000 tons of green base material (industrial silicon) and 200000 tons of high-purity silicon projects , with an estimated total investment of about 13-14 billion yuan . Strive to complete and put into production before the end of December 2025, subject to the implementation of the project; Phase II construction of 300000 tons of green base material (industrial silicon) and 200000 tons of high-purity crystalline silicon projects, according to market conditions to choose the opportunity to start.
The project is planned to be located in Zhungeer Economic Development Zone, Zhungeer Banner, Ordos City. The project land is planned as a whole, with a total land area of about 5500 mu , which is supplied twice, of which the first phase of the project land is about 2500 mu, which is sold by public listing.
Tongwei shares said that the project is not expected to have a significant impact on the company's operating income and net profit in 2023 and 2024.
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