On May 23, Bekaert (Jiangyin) Superhard Composite New Materials Co., Ltd., with a total investment of 230 million US dollars, held a groundbreaking ceremony. So far, Bekaert has established five joint ventures and one sole proprietorship in the development zone for 16 years, with a total investment of more than 500 million US dollars. Zhu Wuyang, member of the Standing Committee of Wuxi Municipal Committee, Secretary of Jiangyin Municipal Party Committee, Secretary of the Party Working Committee of the Development Zone, and Di Yufu, CEO of Bekaert Group of Belgium, unveiled the cornerstone. Mr. Wang Xinan, Mayor and Director of Jiangyin Economic Development Zone Administrative Committee, delivered a speech, Municipal Standing Committee, Development Zone Sun Xiaohu, deputy secretary of the Party Working Committee and deputy director of the management committee, presided over the meeting. The Standing Committee of the Municipal Party Committee and the Deputy Mayor Ji Jun, the deputy director of the Standing Committee of the Municipal People's Congress, and the Vice Chairman of the CPPCC Wu Linxing attended the groundbreaking ceremony. Superhard Composite New Materials Co., Ltd. is jointly invested by Bekaert Group and Falsun Group. The first phase investment is 29.9 million US dollars. Its super hard composite wear-resistant new material can be applied to multi-line processing machines and will have ultra-high hardness. High-strength and ultra-high-strength block or rod-shaped precious metal crystals are processed into high-precision and high-gloss wafers. After the completion of the company, the production capacity will reach 50,000 tons, becoming the most advanced and largest-scale production enterprise in the world. It will change the long-term dependence of such products on the domestic market and meet the needs of the rapid development of China's semiconductor industry and photovoltaic industry. .
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