
On Thursday, September 14, Xianning High-tech Zone announced the commencement of a major project during the third quarter of 2023 (Q3) at the Zhite Technology building aluminium mould new material production site. The project encompasses various domains such as advanced manufacturing, new energy, new materials, and optoelectronic information. Notable investments include the Zhite new materials building aluminium film new material production line project, which involves a substantial investment of RMB 700 million.

The announcement was made by Huang Zuocai, a member of the Xianning High-tech Zone Party Working Committee and deputy director of the management Committee. In the present instance, 15 significant projects were initiated, with a collective investment amounting to RMB 2.875 billion. Among these projects, eight were funded with over RMB 100 million, resulting in a cumulative investment of RMB 2.561 billion.
"The construction of the Zhite technology new material industry project with a total investment of 700 million yuan, the main construction of high-end, intelligent aluminum film new material production line, after completion and put into operation, is expected to reach 600 million yuan of annual output value, new tax revenue of 36 million yuan, new employment of 200 people," said Guo Duopeng, general manager of Hubei Zhite New Materials Co., LTD., said in an exchange speech.
Additionally, the Best Technology environmental protection intelligent equipment production line project requires an investment of 460 million yuan. Furthermore, the wheat convenient AI intelligence The arrival of these projects is expected to accelerate the process of industrial transformation and upgrading in Xianning High-tech Zone while guiding firms to pursue scientific and technological innovation and strive for high-quality growth.
Lai Changqing, a member of the Xianning High-tech Zone's Party Working Committee, presided over the activity. Guo Duopeng, general manager of Hubei Zhite New Materials Co., Ltd., spoke on the scene on behalf of the concentrating project's owner. Members of the Xianning High-tech Zone Party Working Committee, cadres and workers of the organs, responsible comrades of the agencies directly assigned by the city, focused on the project, and company representatives participated in the activity.
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