On the 24th, Nanjing Yunhai Special Metal Co., Ltd. (referred to as “Yunhai Metal”) announced that the company’s grandson, Tianjin Liuhe Magnesium Products Co., Ltd. (hereinafter referred to as “Tianjin Liuhe Magnesium”) plans to invest in the construction of an annual production capacity of 2.5 million pieces of magnesium alloys Die casting project; the company’s wholly-owned subsidiary – Nanjing Yunhai Light Metal Precision Manufacturing Co., Ltd. (hereinafter referred to as “Nanjing Yunhai Precision”) plans to build a magnesium alloy die casting project with an annual output of 30,000 tons.
At the same time, Yunhai Metal also issued an announcement that the company’s subsidiary, Chongqing Boao Magnesium Aluminum Metal Manufacturing Co., Ltd. (hereinafter referred to as “Chongqing Boao”) plans to invest in the construction of an annual output of 15 million magnesium alloy medium and large auto parts and magnesium alloy Innovation R & D center project; the company’s subsidiary, Wutai Yunhai Magnesium Industry Co., Ltd. (hereinafter referred to as “Wutai Yunhai”) plans to invest in the construction of a project with an annual output of 100,000 tons of high-performance magnesium-based light alloys and 50,000 tons of magnesium alloy deep processing.
It is understood that Yunhai Metal is a high-tech enterprise specializing in mining and non-ferrous metal smelting and processing. As a global leader in the field of light metal materials, in recent years, relying on its deep accumulation in the field of raw materials, Yunhai Metal has actively expanded to the downstream lightweight parts and components field, continuously developed new magnesium alloy deep-processing auto parts, and accelerated the expansion of the layout in the field of magnesium alloys .
Many of the projects invested in this time are the expansion of the magnesium alloy business, and will make a long-term strategic layout for Yunhai Metal in the field of magnesium alloys. Among them, Tianjin Liuhe Magnesium Magnesium Alloy Die Casting Project, with a total investment of 80 million yuan, will be implemented in Tianjin. Yunhai Metal stated that the completion of the project will further expand the production capacity of magnesium alloy deep-processing products, increase the market share of the company’s magnesium alloy deep-processing products in the northern automobile market and the field of electric bicycles, and continue to expand the application of magnesium alloys in the deep-processing field. competitiveness and profitability.
Nanjing Yunhai Precision Magnesium Alloy Die Casting Project is planned to be implemented in Dongping Town, Lishui District, Nanjing City (newly relocated factory site), with a fixed asset investment of 750 million yuan. Yunhai Metal said that the company took advantage of the opportunity of factory relocation to transform and upgrade to “intelligent manufacturing”, improve production efficiency, promote the realization of the company’s regional development strategy, and form a comprehensive competitive advantage and profitability.
The project of Chongqing Boao Magnesium Alloy Medium and Large Auto Parts and Magnesium Aluminum Alloy Innovation R&D Center aims to increase the production capacity of medium and large auto parts on the existing basis, develop and produce large die-casting integrated die-casting parts at the same time, optimize the product structure, and enhance the enterprise’s reputation. overall competitiveness. This investment in the magnesium-aluminum alloy innovation R&D center project, the main functional planning includes product and material R&D center, equipment R&D center, experiment and testing center, and also a base for cooperation with scientific research institutions.
In addition, Yunhai Metal invested in the construction of Wutai Yunhai high-performance magnesium-based light alloy and magnesium alloy deep processing project, which is based on the rich mineral resources in Wutai County, Shanxi Province. The project covers from ore mining, raw magnesium and magnesium alloy production to deep processing Products not only expand the production capacity of the company’s raw magnesium, magnesium alloy and deep-processing products, but also further ensure the supply of magnesium products, increase the company’s market share in the field of raw magnesium, magnesium alloy and deep-processing, and continue to expand the application field of magnesium alloy.
It is understood that as the development of the automobile industry provides a broad market for the integrated lightweight industry, Yunhai Metal is also accelerating its deployment in this field. In September of this year, Yunhai Metal ordered two 7000T ultra-large die-casting machines on the basis of the two sets of 6800T ultra-large die-casting machines it had already introduced. The purchase of ultra-large die-casting equipment will enhance and expand the production capacity of Yunhai Metal, and will also solve the technological bottleneck in the future production of large automotive structural parts.