On October 19, Zhenhong Co., Ltd. announced that the company plans to invest in the construction of 150,000 tons of forgings and plates supporting high-end equipment with an annual output of 150,000 tons in the Jiangyin Lingang Economic Development Zone in Jiangsu. The total investment of this project is about 1.7 billion yuan. The main investment includes obtaining the right to use about 200 acres of land, building production workshops, substations and corresponding public auxiliary facilities, etc., and purchasing 125 new units of various production and supporting equipment, covering the entire production process. It meets the forging/plate production needs in high-end equipment fields such as wind power, chemicals, ships, nuclear power, aerospace, etc., and can support mass production of forgings and plates for high-end equipment with an annual output of 150,000 tons. Construction of this project is scheduled to begin at the end of 2026, be completed and put into operation by the end of 2028, and be put into production by the end of 2030. After the project is completed and delivered, it can produce 150,000 tons of forgings and plates for supporting high-end equipment per year. The products are mainly used in new energy, ships, aerospace, nuclear power and other fields.

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