On December 24, 2019, ZJYJ Stainless Steel Technology Co., Ltd., a Chinese leading manufacturer of precision cold-rolled stainless steel strips and wide-width cold-rolled stainless steel strips, successfully launched an IPO.
ZJYJ's main business is the R & D, production and sales of cold-rolled stainless steel sheets and strips, and its products cover two fields: precision cold-rolled stainless steel strips and wide-width cold-rolled stainless steel strips. In 2018, the company's production of precision cold-rolled stainless steel strip exceeds 100,000 tons, and the output of wide-width cold-rolled stainless steel strip exceeds 1.1 million tons.
ZJYJ's precision cold-rolled stainless steel strip products are mainly used in the processing and production of household appliances, environmental protection equipment, electronic information, auto parts, kitchen appliances, chemicals, batteries and other industries. Well-known end customers include Midea, ARCELIKA.S., Whirlpool, Supor, Sharp Electric, Boss Electric, Datang Environmental Protection Technology, Changying Precision, Skyworth Electric, Yinlun, Zhejiang Meida, etc.
ZJYJ will invest in "annual processing of 75,000 tons of ultra-thin precision stainless steel strip project" with a total investment of 1.175 billion yuan. The ultra-thin precision cold-rolled stainless steel strip products to be produced in the new project are high-end stainless steel products, which are mainly used in high-end manufacturing industries such as electronic information, medical equipment, communications, rail transit, aerospace, environmental protection energy, military and national defense.