Zhejiang Galico Expands Production Base of Cobalt/Nickel Chemical Products    

The second-phase expansion project funded by Zhejiang Galico Cobalt & Nickel Co., Ltd. with an investment of RMB15.0 million was launched in Zhejiang Hangzhou Bay Fine Chemical Zone on September 13th.
   Zhejiang Galico Cobalt & Nickel Co., Ltd. is one of the biggest cobalt and nickel chemical new material producers in eastern China. The company has also established Zhejiang Jinmao Rubber Auxiliaries Co., Ltd. in collaboration with Eastco (Group) Co., Ltd. of UK to create a world-class specialized production base of cobalt series chemical products.
   Zhejiang Galico Cobalt & Nickel Co., Ltd. was settled in Zhejiang Hangzhou Bay Fine Chemical Zone in 2004. It started production in March 2005. The company has accumulated a total investment of US$35.8 million in the zone, including a fixed-asset investment of US$12.0 million. It is expected that the company can accomplish a sales revenue of RMB750 million in 2007.