SMM10, March 30: today, Jingcheng Engineering Automotive parts (Yangzhong) Co., Ltd. (referred to as Seiko Yangzhong) and Baoding Longda Aluminum Co., Ltd. (Baoding Longda) jointly invested Seiko Automobile Yangzhong Industrial Park project in Yangzhong, Jiangsu Province.
On June 20, 2019, the joint venture signing ceremony of Seiko Yangzhong Baoding Longda was solemnly held in the Business Center of Jingcheng Engineering Automotive system Co., Ltd., and the two sides reached a consensus on the establishment of a joint venture with Jiangsu Longcheng Alloy Materials Co., Ltd., and signed an investment cooperation agreement. The establishment of Seiko Die casting Factory aims to provide supporting services for engines, transmissions, motors and other auto parts and non-ferrous metal parts for southern automobile enterprises. It is estimated that 2 casting lines, 28 die casting units and 18 processing lines will be invested, with a total investment of more than 1 billion yuan and a first phase investment of 586 million yuan. Jiangsu Longcheng is the crystallization of cooperation between Seiko Automobile and Lizhong Group. The establishment of Jiangsu Longcheng will not only provide a strong guarantee for the efficient production of Seiko Automobile Die casting Branch, but also provide high-quality supporting services for relevant enterprises in the south. Jiangsu Longcheng covers an area of 43.4 mu and plans to build four sets of furnaces, which can produce six grades of alloys at the same time. The factory also has the ability to provide aluminum ingots and liquid aluminum.