On the evening of September 6, Jintian Copper announced that with the development of the global economy, the demand for high-end copper strip is showing a good development trend. Ningbo Jintian Copper (Group) Co., Ltd. (hereinafter referred to as "the company") seizes the opportunity and plans to further develop the South China market and enhance the production capacity of high-precision copper strip products, so as to better meet the market needs of South China and Southeast Asia and enhance the company's core competitiveness. Guangdong Jintian New Materials Co., Ltd. (hereinafter referred to as "Guangdong Jintian New Materials"), a wholly owned subsidiary of the company, plans to invest in the construction of an annual high-performance and high-precision copper alloy strip project with an annual output of 120000 tons in Zhaoqing, Guangdong, with a total investment of 1.35275 billion yuan.
It is understood that the high-performance precision copper alloy strip project with an annual output of 120000 tons will be located in Sihui Industrial Park, Zhaoqing City, Guangdong Province. the total construction period of the project is 31 months, and the project is expected to be put into production in 2024. The focus is on the market demand for high-precision oxygen-free copper strips and high-strength alloys with temperature and corrosion resistance, which are mainly used in communication 5G network construction, new energy vehicles, copper for high-end electronic frames and connectors, transformer belts and so on.
Copper and copper alloy plate and strip are important varieties of copper processing materials, and they are the key basic materials vigorously developed in the "made in China 2025" and "Industrial strong Base" project. it is widely used in the new generation of electronic information, high-end equipment, new energy, transportation, aerospace and other high-tech fields. Especially with the rapid development of electronic information industry, the consumption of copper and copper alloy plate and strip, especially high precision plate and strip, is increasing year by year, and the market development space is broad. With the rapid development of 5G, electronics, automobile and other industries, the application hot fields of copper plate and strip materials are increasing.
This project will adopt the world's advanced copper strip production technology and equipment, combine the company's intelligent manufacturing and lean management advantages, and make extensive use of digital technology to create a first-class digital production line. This project focuses on the market demand of high-precision oxygen-free copper belt and high-temperature and corrosion-resistant high-strength alloys, which can meet the development requirements of communication 5G network construction, new energy vehicles, copper for high-end electronic frames and connectors, transformer belts and other fields, and the market prospect is good.
The South China market is one of the largest domestic copper consumption markets. After the distribution of copper strip production capacity in Guangdong, the company will further improve the industrial layout, which will help the company to provide better products and services to customers in South China and Southeast Asian markets. Enhance the company's sustainable profitability growth.
Jintian Copper said that based on the huge demand of the market, the transportation location of the enterprise, the coordination of the industrial chain, rich customer resources and the advantages of advanced equipment and technical personnel, combined with the company's development strategy, the company has built a high-precision copper alloy strip project in Guangdong to meet customer needs and promote the rapid development of the company.
