China's resource cyclic utilization enterprise GEM Co., Ltd. (002340.SZ) will see its capacity further released in 2016, said Xu Kaihua, chairman of the company at a recent forum. Despite gloomy downstream metal prices, it can maintain a business growth through deep processing and capacity release. 2016 will see earlier investment projects come on stream intensively, said Xu.
The company's newly-added Ni-Co-Mn materials project in Jingmen, central China, is expected to come on stream in 2016. Besides, its automobile dismantling and component recycling in Wuhan city and scrap metal manufacturing project in Jiangxi Province will be put into service next year, according to Xu.
Meanwhile, the company has also made breakthroughs in lithium extractive technology and its lithium capacity is expected to reach 1,000 metric tons (tonnes) in 2016, Xu added. In the first three quarters of 2015, the company's operating revenue amounted to 3.2 billion yuan, up 11.24 percent year on year and its net profits increased 21.05 percent year on year to 189 million yuan.
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