On the morning of December 16, Jinlei Industrial Company and Mogan Mountain of Huzhou Hi-tech Industry Development Zone held a grand signing ceremony for the annual production of 250000 tons of high-grade electrical steel alloy new materials project at the Management Committee Building of Mogan Mountain of Huzhou Hi-tech Industry Development Zone. This signing marks a deep cooperation between the two parties in the field of new energy materials, jointly promoting the upgrading and development of the electrical steel industry.  

In recent years, with the continuous deepening of domestic power grid renovation and the vigorous development of the new energy industry, the demand for energy-efficient products has grown sharply, bringing new development opportunities for electrical steel enterprises. Meanwhile, as an important category of electrical steel, silicon steel is increasingly being applied in emerging fields such as new energy photovoltaics, wind power, charging piles, rail transit, data centers, and new infrastructure, with a very broad market prospect. This project not only conforms to the current development trend of the electrical steel industry, but also to the industrial orientation of Mogan Mountain of Huzhou Hi-tech Industry Development Zone, and will provide strong support for the agglomeration and development of related industries in the region.  

As the investor of this project, Jinlei Industrial Company has strong core advantages in brand, technology, and production. The company has accumulated rich experience in the electrical steel industry, with strong market competitiveness and good development prospects. The project of investing in and constructing 250000 tons of high-grade soft magnetic alloy new materials annually not only has low risk and strong feasibility, but also has good development prospects and high economic benefits, injecting new vitality into the sustained and healthy development of the regional economy.

At the signing ceremony, Xu Zhe, Deputy Secretary of the Party Working Committee and Executive Deputy Director of the Management Committee of Moganshan High tech Zone in Huzhou, stated that he will spare no effort to support the project construction, provide high-quality services and guarantees for Jinlei Industrial Company, and ensure the smooth progress and early production of the project. At the same time, we also hope that both parties can take this signing as an opportunity to further strengthen cooperation and communication, and jointly promote the transformation, upgrading, and high-quality development of the electrical steel industry.

Chen Gencai, Chairman of Jinlei Industrial Company, stated that he will strictly follow the contract agreement and make every effort to promote project construction, ensuring that the project is put into operation on schedule and achieves results. At the same time, we will actively leverage our own advantages, strengthen cooperation and exchanges with Mogan Mountain of Huzhou Hi-tech Industry Development Zone, and jointly build a leading enterprise in the electrical steel industry, making positive contributions to regional economic development.

The successful holding of this signing ceremony not only laid a solid foundation for the in-depth cooperation between Jinlei Industrial Company and Mogan Mountain of Huzhou Hi-tech Industry Development Zone, but also injected new impetus into the upgrading and development of the electrical steel industry. I believe that with the joint efforts of both parties, the project of producing 250000 tons of high-grade electrical steel alloy new materials annually will achieve complete success.