Zhitong Finance App News, Titanium Energy Chemical (002145.SZ) issued an announcement. The company held the 14th (temporary) meeting of the 8th board of directors on August 11, 2026 to review and pass the “Proposal on Wholly-owned Subsidiaries to Invest in the Construction of 600,000 Tons [Lithium Iron Phospate/Sodium Iron Phosphate] Precursor (Iron Phosphate) Project”. The project is being built in two phases. The first phase invested in the construction of a [lithium iron phospace/sodium iron phosphate] precursor (iron phosphate) device with an annual output of 400,000 tons, and the second phase invested in the construction of a [lithium iron phospate/sodium iron phosphate] precursor (iron phosphate) device with an annual output of 200,000 tons. The total investment amount for the two phases of construction is estimated at 5.462 billion yuan.
The project is an important step for the orderly promotion of the company's green recycling industry. The comprehensive competitive strength of the company's new energy materials industry will be further strengthened, helping the company to cultivate advantages in the industrial chain, optimize and adjust the industrial structure, promote industrial transformation, expand development space, enhance the company's market position in the iron phosphate supply chain, enhance the company's market competitiveness and risk resistance, and have a positive impact on promoting the company's sustainable development. It will also further expand the company's business scale, enhance the company's core competitiveness and improve the company's economic efficiency, in line with The long-term interests of the company and all shareholders are not harmed by the interests of the company or all shareholders.