# Luyang Energy-Saving Materials subsidiary to invest $27.8M in ceramic fiber blanket project

Luyang Energy-Saving Materials announced on August 30, 2021, that its subsidiary Inner Mongolia Luyang Energy-Saving Materials will invest 180 million yuan (approx. $27.8 million) to build a 120,000-ton-per-year ceramic fiber blanket production facility in Inner Mongolia.

- Type: Investment
- Announced: 2021-08-30
- Where: Inner Mongolia, China
- Value: $27.8M (180.0M CNY)
- Status: announced
- Capacity: 120,000 tons per year
- Products: ceramic fiber blankets
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Luyang Energy-Saving Materials](https://endata.com/companies/25280.md)
- [Inner Mongolia Luyang Energy-Saving Materials](https://endata.com/companies/57361.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/549419.html), 2021-08-30: "为扩大公司陶瓷纤维棉毯产品市场占有率，公司全资子公司内蒙古鲁阳节能材料有限公司拟投建年产12万吨陶瓷纤维毯项目。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.