premargin

Element List	Explanation
Introduction	National Environmental Recycling Co. is pleased to announce the signing of a Memorandum of Understanding with Chery Automobile Co.—a Chinese automaker headquartered in Wuhu, Anhui, and one of the world’s leading car manufacturers—to conduct a feasibility study for establishing an aluminum smelter that will rely on aluminum inputs recovered from Tadweeer’s recycling of electronic and electrical waste and metals, producing aluminum feedstock in grades compliant with automotive industry applications..
Memorandum Signing Date	2025-09-17 Corresponding to 1447-03-25
Counterparty	Chery Automobile Co.
Memorandum Subject	A Memorandum of Understanding (MoU) was signed between the National Environmental Recycling Company and Chery Automobile Manufacturing Company for the following purposes: - Conducting technical and financial studies for the establishment of the factory. - Defining the framework of understanding regarding the initial mutual obligations and rights between the two parties. - Determining the share of the joint venture upon establishment of the factory for each party. The MoU also includes a number of common clauses regulating the confidentiality of information.
Memorandum Duration	6 months from the date of signing MOU
Related Parties	N/A
Financial Impact	The financial impact will be determined later upon completion of all studies related to this memorandum.
Additional Information	N/A
Attached Documents	Attached Documents

National Environmental Recycling Co. announces signing a Memorandum of Understanding with Chery Automobile Co.