Hubei Yihua (000422.SZ) plans to invest about 1.152 billion yuan to build 150,000 tons/year iron phosphate project

According to the Zhitong Finance App, Hubei Yihua (000422.SZ) announced that Hubei Yihua New Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of 150,000 tons/year iron phosphate project, with an estimated total investment of about 1.152 billion yuan. The implementation of the project will help the company extend its strategy to the new energy and new materials industry, enrich the product categories, optimize the industrial structure, promote the upgrading of the phosphorus chemical industry, and enhance the company's strategic layout capabilities and market competitiveness in the field of new energy materials.