Jinbei Electric to build new electromagnetic wire plant in Xiangtan

Jinbei Electric held a groundbreaking ceremony on 9 December 2021 for a new electromagnetic wire production facility in Xiangtan High-tech Zone, China. The total investment exceeds 1 billion yuan, with Phase II (2 billion yuan, 60 lines, 20,000 t/yr) to be completed by end of 2022 and Phase III (600 million yuan, 100 lines, 30,000 t/yr) by early 2025.

“项目总投资超10亿元，新增产能5万吨/年”moment.rednet.cn

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• moment.rednet.cn重磅！湘潭高新区又一重大项目开工Dec 10, 2021

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