The groundbreaking ceremony for the automotive parts and components manufacturing project by Zhongke Tianhang (Jiangsu) Precision Engineering Co Ltd was held in Xinghua's Chenbao town in Jiangsu province on Oct 15.
A rendering of the automotive parts and components manufacturing project. [Photo/WeChat account: xinghuafabu]
Zhongke Tianhang specializes in manufacturing key automotive components, including diesel engine turbochargers, drive axle assemblies, and brake pads. It also produces casting and processing parts for refrigerator and air conditioner compressors, as well as casting equipment.
As a stable supplier for major international clients such as Ford, the company processes 50,000 metric tons of castings annually.
The new project, with a total investment of 1.08 billion yuan ($152.12 million), will introduce six fully automated production lines. It is expected to enhance the local automotive parts supply chain and promote the clustered development of the precision casting industry in Xinghua.
Sun Zhixin, chairman of Zhongke Tianhang, stated that they aim to build a first-class intelligent and digital factory by integrating industrial internet and big data technologies.