Shanxi's Key Technology Corporation reached on April 3 an official agreement with the US TriGlobal Financial Holding Group to conduct full cooperation on a nano-powder project with respect to technology, financing and management. Following the signing of the agreement, TriGlobal will inject a first installment of 30 million RMB to build two nano-powder production lines and to extend the nano product line. The project is expected to become productive in June 2006.

After completion, the production line will specialize in the production of nano titanate powder, zirconium salt powder, boron nitride powder and electronic ceramics. These products are mainly used in high-end raw materials and paints, which are in great demand internationally. After the line becomes formally productive in June 2006, it will outperform world-renowned nano production companies as the world's No.1 nano powder manufacturing base with an annual production value of 1 billion RMB.

Source: Special Commissioner's Office in Xi'an