Ltd. signed the Investment Agreement with the Management Committee of Wenzhou Ocean Economic Development Demonstration Zone, Zhejiang Province, to build a new cemented carbide material project with a site area of about 23.7 mu and a total investment of 120 million yuan. The implementation of this project is based on the business development needs of Wenzhou Hongfeng, according to the production process to optimize the layout of the workshop, to meet the intelligent manufacturing production needs, optimize control costs, is conducive to enhance the scale of production capacity of cemented carbide materials, to better meet the needs of downstream customers, and further consolidate the company’s market position.
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