On December 15, relevant persons in charge of China ZTKT Railway Group Co., Ltd. and the Economic Development Zone of Yinchuan City, Ningxia Hui Autonomous Region were invited to visit NXZT Magnesium Industry Technology Co., Ltd. The delegation of the China ZTKT Railway Group Co., Ltd conducted a performance test of magnesium alloy plates and strips during the visit to China-Taiwan Magnesium Industry, and expressed their approval. After consultation between the two parties, a 2.455 billion yuan magnesium alloy plate and strip cooperation ordering agreement was reached.
Based on years of market research, project demonstration, and preliminary technology research and development, China ZTKT Railway Group Co., Ltd. has implanted new energy into rail transit, innovated the Internet and smart city concepts, and organized all parties to focus on technical research and collaborative development of new technologies. Energy Air Rail has created a new modern urban and rural transportation system that was pioneered in China and suitable for China's national conditions.
With the development of magnesium alloy development and application research, its comprehensive performance has been continuously improved, making it extremely promising in rail trains and related transportation applications. When magnesium alloys become the main metal material for lightweight rail cars, Ningxia Zhongtai Magnesium Industry established a magnesium alloy sheet and strip production base, which will add another glory to the magnesium alloy industry in China.
After NXZT Magnesium signed an agreement China ZTKT Railway Group Co., Ltd, Yinchuan Municipal Government expressed its strong support, which is of great significance to the sustainable development of enterprises on both sides. China-Taiwan Magnesium Industry Co., Ltd. will build a special material industry in Ningxia and develop a magnesium alloy sheet belt industrial park.