Inner Mongolia North Hauler Joint Stock Co (NHL), a Baotou-based mine truck manufacturer, reported profits of 69.128 million yuan ($10.106 million).
Baogang Group has formed a complete rare earth industrial system, which can produce more than 50 kinds of products in 11 categories, to nearly a thousand specifications, according to Beifang Rare Earth Group Technology Co.
Inner Mongolia Baogang Steel Union Co, a Baotou-based steel manufacturer, held 301 patent applications and 229 patents in 2017, ranking first in the autonomous region, reports Baotou Daily.
Baogang Group reported a profit of 681 million yuan ($99.65 million) during the first half of 2018, according to a July 26 Baotou Daily report.
Baogang Group marked new progress in its steel product exports with 1.34 million tons of steel products exported to 51 countries during the first ten months of 2017, Baotou Daily reported on Nov 15.
Baotou, the largest industrial city of North China’s Inner Mongolia autonomous region, is expected to produce 30,000 tons of rare earth magnetic materials annually by 2020, according to local media.
Baotou in North China’s Inner Mongolia autonomous region, marked new progress in its development of ecommerce