Jixin Technology (601218.SH) has announced that its wholly-owned subsidiary, Jixin (Binhai) Wind Energy Technology Co., Ltd. ("Jixin Binhai"), intends to invest in and construct the Jixin Technology Coastal Wind Power High-End Equipment Intelligent Manufacturing Project (Phase I).
The total investment for this project (Phase I) will not exceed RMB 700 million.
The project will adopt a mature furan resin sand casting process to specialize in the production of large-megawatt wind turbine castings, such as hubs and bases, for onshore and offshore wind turbine generators. The designed capacity for Phase I is 50,000 tons per annum, with process equipment benchmarked against international advanced manufacturing standards.
Upon completion, the project will optimize the company's product structure, enhance product quality, and provide customers with high-quality core castings for onshore and offshore large-megawatt wind turbine generators.