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It is understood that China Poly Group is directly managed by the State-owned Assets Supervision and Administration Commission of the State Council. It is a large state-owned enterprise mainly engaged in military and civilian trade, real estate development, mineral resources development and cultural industries. At the end of 2008, the group's total assets and profits ranked 51st and 28th respectively among 141 central enterprises. Its subsidiary Poly Technology Co., Ltd. is the first-level platform for Poly Group to engage in military and civilian trade and mineral resources development. The development of non-ferrous metal mineral resources is an important strategic development direction. In order to jointly enlarge and strengthen the Ganzhou tungsten industry, after friendly negotiation, Poly Company and Zhangzhou reached a strategic cooperation intention and jointly established a tungsten industry company. The company is headquartered in Zhangzhou, based in Zhangzhou, heading for the whole country and looking to the world.
In accordance with the principle of “all-round strategic cooperation and scientific step-by-step implementationâ€, Tungsten will actively develop and optimize the allocation of high-quality black tungsten mineral resources in Ganzhou City, and strive to promote structural adjustment and industrial optimization and upgrading of the tungsten industry. In 3 to 5 years, Tungsten will invest more than 3 billion yuan to build a tungsten ore resource exploration, mining, smelting, scientific research, trade and deep processing in Zhangzhou. It is first-class, world-class and has strong competitiveness. The Tungsten Industry Group is striving to be listed within 3 to 5 years, and eventually will become the "aircraft carrier" of the Ganzhou Tungsten Industry with an annual output value of 5 billion to 10 billion yuan.
Poly Company and Chenzhou signed a cooperation intention to build a tungsten industry billion-dollar carrier
On May 9th, the Ganzhou Municipal People's Government, the Jiangxi Provincial Geological and Mineral Exploration and Development Bureau, the Minnan Geological Survey Brigade and the China Poly Group's Poly Technology Co., Ltd. signed a letter of intent for strategic cooperation in Zhangzhou to jointly establish a tungsten industry company to create a year. The "aircraft carrier" of Ganzhou Tungsten Industry with an output value of 5 billion yuan to 10 billion yuan.