RAYHOO MOTOR DIES subsidiary plans to implement a key materials intelligent additive manufacturing project for large precision cover molds (Phase I)
RAYHOO MOTOR DIES wholly-owned subsidiary plans to invest approximately 267 million yuan to construct a large-scale precision cover parts mold key materials intelligent additive manufacturing project (Phase I), located in Wuhu City, Anhui Province, with a construction period of 24 months. Upon completion, the project will achieve an annual production capacity of 36,000 tons of iron-based and 3,000 tons of steel-based large precision forming equipment blanks, aiming to improve raw material quality, reduce mold costs, and enhance market competitiveness
According to the announcement from Zhitong Finance APP, RAYHOO MOTOR DIES (002997.SZ) stated that its wholly-owned subsidiary Wuhu RAYHOO New Materials Technology Co., Ltd. plans to invest in the construction of a large-scale precision cover mold key materials intelligent additive manufacturing project (Phase I). Upon completion and full production of the project, it will have the capacity to produce 36,000 tons of iron-based large precision forming equipment blanks and 3,000 tons of steel-based large precision forming equipment blanks annually, along with model, body manufacturing, and backend processing capabilities. The construction site is located in the Jiangbei area of the Wuhu Economic and Technological Development Zone in Anhui Province. The project investment amount is approximately 267 million yuan, with a construction period of 24 months.
The announcement indicates that the construction of the "Large Precision Cover Mold Key Materials Intelligent Additive Manufacturing Project (Phase I)" will not only ensure that customer order cycle requirements are met but also allow for independent control to enhance the quality of key raw materials, promoting the stability of mold product quality. Additionally, it will lead to a reduction in comprehensive mold costs, thereby enhancing the market competitiveness of mold products in multiple aspects
