On the morning of May 16, the foundation laying ceremony of HFYL Metal New Materials Co., Ltd. with an annual output of 100,000 tons of metal new materials was held in the project site of HFYL Metal New Materials Co., Ltd.
The new metal material project with an annual output of 100,000 tons uses refined iron ore powder as a raw material to produce low-impurity, high-purity reduced iron powder, which provides raw materials for automobiles, home appliances, and microelectronics. The total investment of the project is estimated to be 300 million yuan, and the plant covers an area of about 129 mu. After the project is completed, it is estimated that the annual additional tax will be about 60 million yuan, and 130 new staff will be added, which can effectively increase employment opportunities and raise income levels for the local area.