On June 24, China's leading manufacturer of large size forgings: HZQT Heavy Industry Technology Corporation issued an announcement:
Based on years of technology accumulation and growing demand in the field of forging technology, the company will invest 800 million yuan to build a new production base.
The project will add a 100MN large hydraulic forging press, a 150t operating machine and heavy-duty machining equipment, etc., and build a large-scale key component project for energy equipment with an annual output of 2,000 pieces.