"High-performance rare-earth aluminum alloy project" is the main business project of HNHJ Group through the introduction of patented technology. After more than two years of planning and through layer-by-layer testing, the technology has filled the gap in the application field of domestic new materials. The project has passed expert demonstration and has been approved by Hunan Provincial SASAC. In April 2018, HNHJ and Industrial Park in Hengyang City signed an investment cooperation agreement. In August 2018, the project was reviewed and approved by the third shareholder meeting.
High-performance rare-earth aluminum alloy materials are important research areas identified in the country's "13th Five-Year Plan for the Development of New Materials Industries". They have low density, high specific strength, high specific stiffness, good elasticity, excellent impact resistance, corrosion resistance, Wear-resistant, high electrical conductivity, high thermal conductivity, easy processing, recyclable and other excellent characteristics, widely used in transportation, military, aerospace, automotive, machinery and electronics and other fields, has a broad market space. At present, the company has reached a supply agreement with CRRC Puzhen Vehicle Factory on high-speed rail anti-collision beam products, and negotiated a preliminary supply agreement with Huawei's 5G mobile phone and other middle frame material suppliers.
This project is HNHJ's "Thirteenth Five-Year Plan" and a key construction project in 2018. It has been included in the "100 Major Product Innovation Projects" of Hunan Province in 2018. The project covers an area of 1,000 acres and is planned to be constructed in three phases. It will be built as a high-performance rare earth aluminum alloy new material project leading the country. A 10,000-ton / year melting and casting production line will be completed by the end of this year. After the project is completed, it will help Hunan Gold lay out new material industries and extend the industrial chain.