Wuhan Tianyuan Plans 500 Million Yuan Investment to Build High-Purity Indium and Indium Phosphide Polycrystalline Production Base

36Kr reports that Wuhan Tianyuan announced plans to sign a cooperation agreement with the Buxing High-tech Industrial Development Zone Management Committee to invest in the 'Buxing High-tech Zone 200-ton/year 6N/7N-grade high-purity indium and 100-ton/year indium phosphide polycrystalline production base project.' The total planned investment is approximately 500 million yuan, comprising about 100 million yuan in self-raised funds and 400 million yuan in bank loans. With a construction period of 12 months, the project will primarily establish high-purity indium and indium phosphide polycrystalline production lines along with related supporting facilities. The company noted that as this involves new fields and businesses, there are currently no relevant technical or personnel reserves, posing multiple risks including technology verification, raw material supply, and market factors; however, it will not have a significant impact on operating performance in the short term.