Green Building Materials Project

Commencement of production and sales of the green building materials project

Since its establishment, the Group keeps upholding the tenet of “Safe Mines, Harmonious Mines, Green Mines”, strives to improve resource utilization and mitigate impacts of production activities on the environment by ways of recycling and technology upgrade.

It’s found that the iron tailings produced by Maogong Mine had low sulfur and phosphorus content and high silicon and aluminum content, making it perfect to be used as the main raw materials for the production of foamed ceramics. This new type of building materials are mainly used as external wall insulation board and interior wall board because it’s light, insulating, fire-proof, moisture-proof, sound-proof, anti-flaming etc., and can be used as a new wall materials to replace the existing wall materials in the domestic market and has huge market potential.

The green building materials project was approved for launch by the Board at the end of August 2017.

In October 2017, Hanking Green Building Materials was established, and the construction of the main plant located in Fushun City, Liaoning Province commenced during the same period. The Company planned to invest a total of RMB120 million to build a foamed ceramics production line with an annual production capacity of 120,000 cubic meters and the ancillary projects.

After commencement of construction for over half a year, the first production line was put into production in August 2018, which adopts the tunnel kiln technology.

So far, Hanking Green Building Materials has concluded sale agreements with customers for approximately 4,300 cubic meters of partition boards.