aluminium show|Total investment of 226 million yuan! A listed company again invested in the annual output of 1.2 million pieces of automotive aluminium alloy wheel hub construction project

On February 23, Zhejiang Jinfei Kaida wheel hub Co., Ltd. (Jinfei Kaida) announced that the company's wholly-owned subsidiary - Yunnan Jinfei Aluminium Company Limited (referred to as: Yunnan Jinfei Aluminium) intends to invest in Yunnan Province, Qujing City, ZhanYi District, with an annual production capacity of 1.2 million pieces of automotive aluminium alloy wheel intelligent manufacturing Construction Project". The project has a total investment of 226 million yuan, is expected to be completed for the company's new sales revenue of 378 million yuan, total profit of 58,589,100 yuan.

Jinfei Kaida said, the investment in the project is to better meet customer capacity supporting demand, narrow the product supply radius; further improve the automation level of Jinfei Kaida, optimise the production process; make full use of the resource advantages of Yunnan Fuyuan Qujing, reduce production costs, and improve the competitiveness of enterprises.

According to the introduction, aluminium alloy wheel hub with its light weight, fast heat dissipation, good shock absorption performance, long tyre life, safe and reliable, beautiful appearance, colorful patterns, accurate size, good balance, plus easy to manufacture and other advantages, stand out in the automotive industry, the development potential is huge. Aluminium wheel forming process has gravity casting, low-pressure casting, extrusion casting, semi-solid casting, forging, spinning forming and a combination of several processes and other forms of technology. According to the aluminium show, on January 18 this year, Jinfei Kaida’s announcement, in order to further improve the company in the automotive aluminium alloy wheel hub production capacity layout, to meet the customer production capacity supporting demand, combined with the development trend of the industry and the company's strategic planning, the company's wholly owned subsidiary - anhui jinfei automotive components Ltd. intends to invest in Anhui Province, Lu'an City, Yu'an District, with an annual output of 1.2 million pieces of automotive aluminium alloy wheel hub construction project", with a total project investment of 312 million yuan.

In recent years, Jinfei Kaida continues to cultivate aluminium alloy lightweight business, and closely follows the trend of integrated die-casting trend, expanding the research and development of low carbon high strength and toughness of non-heat treatment die casting of aluminium alloy new materials, the target products are mainly new energy vehicles, traditional car integrated die casting and large integrated die casting, and strive to complete the integration of the field of die casting a new technological breakthrough.