Waste batteries are pooled for recycling at Tianying technology park in Jieshou, east China's Anhui Province, July 15, 2021.(Xinhua/Liu Junxi)
BEIJING, Feb. 20 (Xinhua) -- Zhejiang Weiming Environment Protection Co., Ltd. (Weiming Environment, 603568.SH), a Chinese company engaging in environmental protection-related business, announced that its subordinate equipment unit had inked 3 purchase contracts valuing about 480 million yuan in total with a subsidiary of GEM Co., Ltd. (GEM, 002340.SZ), a Chinese company engaging in resource recycling business, reported Shanghai Securities News Sunday.
The subordinate equipment company of Weiming Environment will provide tanks and other equipment for a laterite nickel ore smelting project of GEM in Indonesia.
So far, Weiming Environment and GEM have reached a number of cooperation intentions, involving fields like the research and development of new energy materials, used car dismantling and battery recycling, new energy technology, equipment supply, etc.
(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
A single purchase
