The company said it will arrange more than 600 railway routes and 1,000 bullet trains to transport e-commerce goods to more than 80 cities, operate Fuxing bullet cargo trains between Beijing and Wuhan, Hubei province, organize cold-chain storage delivery and provide chartered train services to logistics and e-commerce enterprises.
The company said it will ramp up its throughput to ensure the mine reaches its design capacity this year.
The company is looking to double its presence in the country in the coming three years, as China proactively attracts foreign investments as part of an effort to shore up the economy.
The company says it now commits 10 percent of its annual revenue to R&D.
The company plans to hold 51 percent of the new firm's stakes and has submitted application materials to China's top securities watchdog, according to Gao Li, spokesperson with the China Securities Regulatory Commission (CSRC).
The company used to offer services to mainland and Hong Kong investors wanting to buy houses in Europe. With Brexit pushing the British pound to ever lower levels, Therianos believes it is now the best time to purchase houses in London.
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The company plans to send about 20 microsatellites to space this year and explore more areas in the field of remote sensing and internet of things.
The company's strong sense of responsibility was well-demonstrated during the COVID-19 outbreak. Between late January and March, some of the company's employees were stationed in Wuhan, the capital of Hubei province, for 76 days to help build and maintain the 5G networks for local hospitals, so that ultra-high definition and low latency video transmission became possible to enable remote medical consultations and live webcasts.
The company's research and development team noted that it only takes 55 hours for the new calcinator to calcine compound mica, which is two thirds of the original process. Besides, it saves production costs by roughly 10,000 yuan (,490), and raises the raw material utilization rate to 95 percent, greatly improving the quality of compound mica. Current calcining experiments showed that the produced compound mica flakes have no impurities, contain good flexibility and are in thin sheets, which can significantly lower the post processing cost.
The completion of the factory to make concrete sleepers for the Padma Bridge Rail Link Project (PBRLP), which will greatly contribute to the region's connectivity, has been achieved despite the impact of COVID-19 in the country.