On June 18, 2021, GZHY Aerospace Technology Group, China's leading manufacturer of difficult-to-deform metal ring forgings for aviation in China, successfully IPO.
After deducting the issuance costs, the raised funds will be invested in the following projects in order of priority: 600 million yuan will be used for the construction of the precision manufacturing industrial park of special alloy ring-rolled forgings for aero engines and gas turbines. 100 million yuan will be used to supplement working capital.
GZHY is a high-tech enterprise mainly engaged in the research and development, production and sales of aerospace hard-to-deform metal material ring forgings. The main product is aero engine ring forgings. In addition, the company's products are also used in high-end equipment fields such as aerospace rocket engines, missiles, ship-based gas turbines, industrial gas turbines, and nuclear power equipment.
GZHY is the only company in the Asia-Pacific region that can provide American GE Aviation with high-temperature alloy high-pressure turbine casing ring forgings for commercial engines.
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American GE, American P&W, British Rolls-Royce, French SAFRAN, German MTU, American Honeywell…