Boshen Tools invests in raw material producers

Boshen Tools (002282) announced on Wednesday evening that the company recently acquired a 5% stake in Yanyan Powder New Materials (Beijing) Co., Ltd., which is engaged in the production, research and development and sales of non-ferrous metal powder for 11.14 million yuan. According to the announcement, Yanyan Powder New Materials (Beijing) Co., Ltd. is an important raw material supplier for Boshen Tools. The two companies have many years of cooperation. The company purchases about 20 million yuan of powder per year from the powder. Boshen Tools said that the company will further strengthen the stability of business cooperation by participating in the research and development of powder. At the same time, with the strong technical background of its own and its controlling shareholder, Beijing Nonferrous Metals Research Institute, Yanyan Powder is strong in the research and development of new non-ferrous metal materials. After participating in research and development of powder, both parties can research new materials and technologies. Extensive cooperation.

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Galvanized Steel Wire Rope 3

Steel Wire Rope Jpg

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