A groundbreaking ceremony for a special titanium alloy fastener production project was held in Dainan town, Xinghua, Jiangsu province, on Aug 7, with the aim of enhancing China's self-sufficiency in high-end titanium alloy fasteners.
An aerial view of Xinghua. [Photo/WeChat account: xinghuafabu]
The project is backed by a total investment of 1.28 billion yuan ($190.42 million) from Dingyi Alloy Material Technology. It covers about 45 mu (3 hectares) and has a total floor area of 45,000 square meters.
Upon full operation, the project is expected to generate annual sales revenue of 900 million yuan. Its product lineup includes high-strength titanium alloy bolts and blind rivets, primarily intended for large aircraft, high-end road bicycles, and advanced medical equipment.
Dingyi Alloy Material Technology, a leading supplier in China's titanium alloy fastener market, has long focused on this niche, with proprietary technologies and skilled professionals.
Zhou Xin, Dingyi's chairman, said the firm would boost research and development investment, introduce intelligent production lines and prioritize local hiring.