On January 4, the HHXF superhard materials group issued an announcement that the company passed the "Proposal on the Investment in the Industrialization Project of Diamond Wire and Linemaking Equipment for New Materials Processing" and plans to invest 1 billion yuan to build a diamond wire and linemaking equipment industry for new materials processing Chemical project.
The announcement shows that the total investment of the project is 1 billion yuan. It adopts the most advanced domestic diamond wire saw manufacturing technology developed by the company. It has added 484 sets (sets) of wire manufacturing equipment and related supporting key production and testing equipment. Production capacity of 5.69 million kilometers of diamond wire for new material processing. The project construction period is 36 months.
It is reported that through the development of diamond wire saws for new material processing, the project will form an annual output of 5.69 million kilometers of magnetic material cut-off lines, sapphire slicing lines, silicon slicing and chip processing diamond wire saws. It is expected to achieve sales revenue of 1.394 billion yuan. The technical performance has reached the domestic advanced level, meeting the growing demand for diamond wire saws for new material processing in the market.
HHXF superhard materials group. is a company specializing in diamond powder. It is the world's largest man-made diamond manufacturing base and a leading company in superhard materials and intelligent manufacturing. The announcement mentions the diamond wire industrialization project. It is planned to develop new products of metal-consolidated diamond wires based on the company's proprietary core technology, in order to meet the future needs of the new technology of China's wafer cutting companies. In addition, the HHXF will also raise funds to invest in additive manufacturing special metal spherical powder projects.