On August 16, 2022, the 30th anniversary of the establishment of Xuzhou Economic and Technological Development Zone and the start-up of the Hongyuan New Materials and New Energy Industry Integration Project were held. It is understood that as a major industrial project at the provincial and municipal levels, the industrial park project will generate an annual revenue of about 40 billion yuan after all projects are put into production, which will further improve the photovoltaic industry ecology in the Economic Development Zone.

Hongyuan New Materials New Energy Industry Integration Project

It is understood that the Hongyuan New Materials New Energy Industry Integration Project is located in Jinlonghu Street, Xuzhou Economic and Technological Development Zone. It is a key investment attraction project in the Economic and Technological Development Zone in 2022, a major industrial project in Xuzhou, and a major industrial project in Jiangsu Province. The project is invested and constructed by Wuxi Shangji Numerical Control Co., Ltd. The company's core product photovoltaic diamond wire slicer is the world leader, and the photovoltaic material sector is in a leading position in the industry. In December 2018, the company was successfully listed on the Shanghai Stock Exchange. In 2021, it will achieve revenue of 10.906 billion yuan and net profit of 1.637 billion yuan.

The total investment of the project is about 15 billion yuan, the proposed land is about 1,100 mu, and the total construction area is about 700,000 square meters. The total investment of the first and second phases is about 10 billion yuan, covering an area of about 700 acres and a building area of 430,000 square meters. The main products are 25GW of monocrystalline silicon diamond wire slices and 14GW of high-efficiency cells.

After the first and second phases of the project are fully put into production, it is expected to achieve an annual revenue of about 19 billion yuan; after the industrial park project is fully put into production, it is expected to achieve an annual revenue of about 40 billion yuan and create 6,000 new jobs. "We hope that this project can further help Xuzhou Economic and Technological Development Zone to build a 100 billion industrial cluster, further improve the new energy industry chain, enhance the industrial level, enhance core competitiveness, and inject strong momentum into the realization of high-quality development." Wuxi Shangji CNC Co., Ltd. Yang Jianliang, chairman of the company, said. Editor/He Yuting