JPMF Guangdong (002600.SZ) announced on December 7 2011, that it would jointly invested rubber and plastic bonded magnetic powder and product project (30,000 tons/year) with Foshan Shunde Baling Group. At present, with the increasing demand for rubber and plastic magnetic powder, this project will be beneficial to the profitability improvement and position enhancement of the company.
 

With the total investment of RMB50 million and the total registered capital of RMB 32 million, the 60-40 joint venture was invested by JPMF Guangdong (002600) and Shunde Baling Group, with the respective investment of RMB19.2million and RMB 12.8 million. It is estimated the project will realize full capacity in three years, and that the rate of investment return will average 26.61% in the first 6 years.

Projects of JPMF Guangdong, 2011

Source: JPMF Guangdong; ResearchInChina