Zhenhong Co., Ltd.: Plans to invest RMB 1.7 billion to build an annual production project of 150,000 tons of forgings and plates for high-end equipment

On October 19, Zhenhong Co., Ltd. issued an announcement that the company plans to invest in and construct a project in the Jiangyin Lingang Economic Development Zone, Jiangsu, with an annual production capacity of 150,000 tons of forgings and plates for high-end equipment. The total investment of this project is approximately RMB 1.7 billion. The investment content mainly includes: acquiring land use rights of approximately 200 mu, constructing production workshops, substations, and corresponding public and auxiliary facilities, as well as newly purchasing 125 units of various production and supporting equipment, covering the entire production process. It will meet the production demand for forgings/plates in high-end equipment fields such as wind power, chemicals, ships, nuclear power, and aerospace, and can support the batch production of 150,000 tons per year of forgings and plates for high-end equipment. The project is scheduled to commence construction by the end of 2026, be completed and put into operation by the end of 2028, and reach full production by the end of 2030. After the project is completed and reaches full production, it can form an annual production capacity of 150,000 tons of forgings and plates for high-end equipment, with products mainly applied in fields such as new energy, ships, aerospace, and nuclear power.