# Shanghai Shangji Numerical Control to invest ~CNY 3.5B in monocrystalline silicon project in Baotou

Shanghai Shangji Numerical Control (603185.SH) plans to invest about 3.5 billion yuan through its subsidiary Hongyuan New Materials (Baotou) to build a 10 GW annual monocrystalline silicon pulling and supporting production project in Baotou, Inner Mongolia. The project is expected to reach production by 2022.

- Type: Investment
- Announced: 2021-02-19
- Where: Baotou, Inner Mongolia, China, China
- Value: $540.0M (3.50B CNY)
- Starts operating: 2022
- Status: announced
- Capacity: 10 GW per year
- Products: monocrystalline silicon ingots
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shanghai Shangji Numerical Control](https://endata.com/companies/53346.md)
- [Hongyuan New Materials (Baotou)](https://endata.com/companies/53347.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/413767.html), 2021-02-19: "本次投资借助包头当地的政策及产业配套优势，有助于进一步提升高效单晶硅棒产能，加强公司在单晶硅领域的竞争力"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.