On October 14, SXDL High Performance Alloy Material Technology Group, a leading manufacturer of titanium alloy precision forging parts in China, issued an announcement:
The company will invest 1 billion yuan to build a new high-end precision titanium alloy forging production line. The project has purchased the most advanced 2500T fast forging unit, one set of 6000T fast forging unit and related supporting equipment. It cost 200 million yuan to introduce the world from abroad. A set of the most advanced and most complete precision forging line on the market, and through the reorganization of these equipment to form a professional high-end precision forging production line. After the project is completed and put into production, the annual output value can reach 5 billion yuan.