As the domestic titanium alloy market continues to heat up, the private enterprise Jiangsu Xiangyun Titanium Alloy New Materials Co., Ltd. announced the launch of an aviation grade titanium alloy material R & D and manufacturing project with a total investment of up to 2 billion yuan. After the project reaches full production capacity, it will form an industrial scale with an annual output of 6000 tons of high-end titanium alloy bars, 4000 tons of plates, and 1000 tons of high-temperature alloy plates. It is estimated that annual sales are 3 billion yuan and annual taxes are 90 million yuan. It marks a new round of investment boom in the field of titanium alloy new materials. This project is not only regarded as a key measure to promote the upgrading of the titanium alloy industry and optimize the industrial structure, but will also significantly enhance the self-sufficiency of my country's titanium alloy materials for aerospace. The project covers an area of 70.7 acres and will build a modern factory building of 75,000 square meters, aiming to form a huge production capacity of 10,000 tons of new titanium alloy materials for aerospace and navigation. According to the plan, the project will be gradually completed from 2024 to 2025, of which a planned investment of 300 million yuan in 2024 will be used for infrastructure construction and key equipment purchase in the initial stage of the project.
According to the project undertaking company, titanium alloy, as a light and high-strength metal material, has an irreplaceable position in aerospace, high-end equipment manufacturing and other fields. The R & D and manufacturing project invested and constructed by Jiangsu Xiangyun will not only help improve the overall technical level of titanium alloy materials in my country, but will also further expand its application fields to meet the urgent need for high-quality titanium alloy materials in domestic and foreign markets. demand. It is reported that the first phase of the project has made significant progress. The main structural workshop has been completed, and key equipment such as smelting and forging is being installed intensively. It is expected that in July this year, the smelting branch will conduct hot trials and be officially put into operation; in November, the forging branch will also be put into operation. The second phase of the project is planned to start in the second half of 2025, and the entire project is expected to fully reach production in the near future. It is worth mentioning that this project has received great attention and strong support from local governments. As one of the major projects in Jiangsu Province, it has been included in the 102 major projects of the national "14th Five-Year Plan" and is an important supporting project serving the integration of the Yangtze River Delta and the development of the Yangtze River Economic Belt. The government's support and promotion provide a strong guarantee for the smooth implementation of the project.
The local government believes that the successful implementation of Jiangsu Xiangyun's aviation grade titanium alloy material R & D and manufacturing project will have a profound impact on my country's titanium alloy industry. It will not only enhance the international competitiveness of my country's titanium alloy materials, but also promote the improvement and development of related industrial chains and bring new development opportunities to the entire industry. At the same time, the success of this project will also set an example for other companies, attract more capital and talents into the titanium alloy industry, and jointly promote the prosperity and development of the industry. Against the background of weak global economic recovery, the launch of Jiangsu Xiangyun's aviation grade titanium alloy material R & D and manufacturing project has undoubtedly injected a shot of boost into the market.
