Signing Ceremony for High-End Metal New Materials Project
On October 26th, Shenzhen Huajunxin Electronics Technology Co., Ltd. and Haimen Sanchang Industrial Park held a signing ceremony for an investment agreement on a high-end metal new materials project. The project, with a total investment of 500 million yuan and a planned land area of 50 mu, will establish a high-end metal new materials production base, focusing on the research and development and production of high-end products such as aerospace, marine engineering, and automotive spring steel wire. It is expected that after production commences, it will further strengthen the regional high-end equipment manufacturing industrial chain and inject new momentum into the high-quality development of the wire industry.
Technological Strength of Nengda Wire Supports Project Implementation
As a national high-tech enterprise and a provincial-level “specialized, refined, and innovative” SME, Nengda Wire’s leading technological position in the industry is the core support for the project’s implementation. It is understood that the company’s high-end wire products have reached international advanced levels in key indicators such as precision control and corrosion resistance. “Haimen’s excellent business environment and complete industrial support are highly compatible with the company’s strategy of focusing on the high-end market,” said Yang Sihua, Chairman of Huajunxin. He added that after the project goes into production, the company will continue to increase R&D investment, leverage existing technological advantages to improve product market share, and contribute to the high-quality development of the regional economy.
High-End Wire Industry Enters Rapid Development Stage
The high-end wire field focused on by this project is precisely the core direction of the current industry transformation. According to the “Report on Market Competition and Future Trends of China’s Wire Rod Products Industry in 2025 and Beyond,” the market size of China’s wire rod products industry is expected to reach 350 billion yuan in 2025. High-strength and corrosion-resistant high-end products will see an average annual market share growth exceeding 10%, with demand from emerging fields such as new energy vehicles and photovoltaics becoming the main growth engines. Data shows that global demand for new energy vehicle wire rods will exceed 4.2 million tons in 2025, with China accounting for 60% of the market share. Huajunxin’s new automotive spring steel wire products precisely meet the technological requirements of lightweighting and high reliability in new energy vehicles.
Project Integrates Low-Carbon Concepts Amid Industry Green Transformation
Against the backdrop of the industry’s green transformation, this project also incorporates a distinct low-carbon concept. In recent years, the national “dual-carbon” targets and environmental policies have driven the wire rod industry to accelerate its green transformation, requiring a 18% reduction in carbon emission intensity by 2025 compared to 2020. Industry analysts point out that the launch of the Huajunxin project is a microcosm of the restructuring of the competitive landscape in the wire rod industry. The industry is currently transitioning from price wars to technology-driven growth. Leading companies are increasing their market share through technological innovation and capacity upgrades, with the market share of the top ten companies projected to rise from 30% to over 40% by 2030. Besides Huajunxin Wire & Cable, other small and medium-sized enterprises (SMEs) in Shenzhen, such as Daxiao Wire & Cable, have also focused on niche markets like spring wire and specialty power wire, obtaining international certifications such as CCC and UL, and exporting their products to over ten countries, forming an industry pattern of “leading enterprises driving development, and SMEs cultivating the market.”
Project to Be Completed by 2026, Driving Regional Industrial Growth
It is reported that the project is expected to be completed and put into operation by the end of 2026, with annual sales revenue exceeding 800 million yuan and creating over 200 jobs. As the project progresses, it will further promote the cluster development of the wire and cable industry in the Pearl River Delta region, providing replicable practical experience for the industry’s intelligent and green transformation.
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