Hailiang shares (002203) announced on the evening of May 7 that the company held the 12th meeting of the eighth board of directors on May 6, which examined and adopted the "Bill on Investment in the Construction of Hailiang (Morocco) New material Science and Technology Industrial Park". It is agreed that the company will invest in the construction of Hailiang (Morocco) New material Science and Technology Industrial Park in Morocco, and plan to build a new production line with an annual production capacity of 50, 000 tons of unwrought copper and copper alloys.Crashbandicoot52023. 50, 000 tons of copper pipe production line, 40, 000 tons of precision brass rod production line, 150 million precision copper alloy fittings, 25000 tons of lithium electric copper foil and other new energy materials production line The estimated construction period of the project is 36 months, with a total investment of 288 million US dollars.

According to the announcement, the Moroccan project is an important measure of the company's overall layout globalization strategy, which can give full play to the company's international business advantages, expand experience and market resources, open up the international market, and implement differentiated competition. to avoid the market risks brought by the fierce domestic competition to a certain extent Moroccan projects can seize overseas markets such as Europe, the United States and Africa as soon as possible, take advantage of the fact that most Moroccan products can enter European and American markets without tariff, reduce export tariffs and transportation costs, and produce through registered trademarks in Morocco, which can avoid the risk of future international trade barriers, enhance the competitiveness of products in the international market, and further enhance the profitability of the company. At the same time, the construction of the Moroccan project will expand the company's influence in the copper processing industry, further attract international talents to join the company, and give full play to its existing advantages in technology, talent, equipment and digital management to achieve international competitive advantage.

(article sourceCrashbandicoot52023China Securities News, China Securities Network)