Many Chinese steel companies have invested heavily in auto parts and components industry since 2010
The Chinese auto market has now become a hot spot for many steel companies to invest in. Since 2010, according to incomplete statistics, steel companies invest in auto parts projects:
On June 4, 2010, Yantai Baosteel Wheel Company laid a ground-breaking ceremony in Shandong Yantai Auto Parts Industrial Park. The first phase of the investment was 140 million yuan, and the annual output was 1.25 million wheels, and eventually 3 million passenger cars and 50 will be formed. The production capacity of 10,000 commercial vehicle steel wheels.
On June 21, 2010, Hebei State-owned Assets Supervision and Administration Commission entrusted Hebei Iron and Steel Group with the 100% state-owned equity of Xuangong Machinery held by Hebei State-owned Assets Holdings Co., Ltd., which is an important production enterprise in China's construction machinery industry.
On June 27, 2010, Shougang Jingxi Heavy Industry Fangshan Base Shock Absorber Plant was completed and installation of equipment was started. The first phase of the investment was 2 billion yuan, and annual production of 4 million shock absorbers. The plant will supply shock absorbers to domestic automakers such as Geely and Beiqi Foton.
At the same time, Wuhan Iron & Steel also announced that it will enter the auto parts industry. It will establish a joint venture with Chery Automobile to build an auto parts production base. It is expected to start production in 2011.
In May 2010, Nippon Steel Corporation, a trading company under the Nippon Steel Corporation, is actively preparing for entry into the Chinese auto parts market and is preparing to invest 1.5 billion yen in auto parts processing in Shanghai.
Copper conductive rate is very good,machining copper(including Machining Brass,machining bronze) is the use of CNC machining out, including turning, drilling, cutting, and screw teeth, etc.. Machining copper commonly used materials: copper, brass, bronze, beryllium copper. the surface treatment is generally silver plating, gold, some laser LOGO, we have a special inspection department to carry out inspection, and ensure that each size to meet the requirements of the drawings, including machining copper applied in various industries: household appliances, conductive slip ring, communications, medical equipment, industrial automation equipment.
Machining Copper,Machining Beryllium Copper,Micro Machining Copper,Electrical Discharge Machining Copper,Copper Machining
Hong Kong RYH CO., LTD , https://www.cncmachiningpart.com