[SMM investigation] Yinguang magnesium Industry plans to add 40 magnesium alloy precision processing production lines.

Recently, Yinguang magnesium Co., Ltd. plans to add 40 new magnesium alloy precision processing production lines. Magnesium alloy precision processing project is a key transformation project implemented by Yinguang magnesium Industry this year. The project revolves around the core of creating "new special, high-tech and sophisticated" products to achieve the scale of annual processing of 10 million magnesium alloy die castings, extrusions and castings.

Shanxi Wenxi Yinguang magnesium Group, founded in 1988, is a private joint-stock enterprise integrating mining, original magnesium smelting and deep processing of magnesium alloys. it is the continuous vice-chairman unit of the magnesium branch of China Nonferrous Metals Industry Association, the national magnesium and magnesium alloy industrial base, the national high-tech enterprises and the top 100 potential development enterprises in Shanxi Province. In 2008, Shanxi Yinguang Huasheng magnesium Co., Ltd. was established with the group's dominant assets. The company has jurisdiction over 11 branches, covering an area of more than 2000 mu, with more than 3000 employees and total assets of 1.2 billion yuan. it has an annual production capacity of 100000 tons of original magnesium, 30, 000 tons of magnesium alloy and 20, 000 tons of magnesium deep processing products. The comprehensive strength of the enterprise ranks in the forefront of the same industry in the country year after year.