In the early part of this year, Mingyi Aluminum, a listed company based in Gongyi, leveraged technological innovation to gradually develop high-end "double zero foil" products. Among these, food foil, electronic foil, and pharmaceutical foil collectively accounted for 50% of national output. In addition, the company invested 450 million yuan into the provincial key project "Henan Gongyi Weijia Automobile Professional Trading Center," which officially broke ground in the station town of Gongyi City. This marks the first automobile city project in a county-level city within the province.
Gongyi City focused on the development direction of "high-end, terminal, and efficient" traditional industries in the first quarter of this year. The city completed an investment of 7.2 billion yuan in industrial projects, with 29 major construction projects launched. These efforts marked a strong start to the year's industrial development.
The city's municipal government recently held a press conference in Zhengzhou, where data revealed that Gongyi achieved 26.2% of its annual target of 27.5 billion yuan in industrial project investments. A total of 61 major industrial projects were identified, with 29 already started and 2.24 billion yuan invested. Additionally, four provincial key industrial projects were initiated, with 130% of the three projects in Zhengzhou completed.
Among the 61 major industrial construction projects, 50 are leading projects in the aluminum and deep processing, high-end refractory materials, and advanced equipment manufacturing sectors. These initiatives aim to accelerate the city's industrial transformation and upgrading.
Wang Yantao, a member of the Gongyi Municipal Government's party group, noted that due to geographical challenges, the city did not fully follow the "scheduled work" guidelines from the provincial party committee. However, enterprises meeting the criteria for construction were allowed to proceed, which proved beneficial.
Gongyi is now focusing on industrial transformation as its main priority. High-end projects drive this shift, with companies like Yulian Group investing $140 million in advanced technical equipment. Their high-precision aluminum hot rolling project successfully rolled out the first batch of products. Meanwhile, Mingtai Aluminum has developed high-end "double zero foil" through innovation, with 50% of the national production in food, electronic, and pharmaceutical foils. The company also invested 500 million yuan with the China Automotive Research Institute to establish a car lightweight research and testing center.
Gongyi is also enhancing its industrial chain by integrating technology and industry. Baohong Industrial invested 530 million yuan in an LED lighting project, combining R&D, production, design, and engineering. The company uses a contract energy management model, recovering costs and generating profits by offering energy-saving services to customers.
As a traditional economic pillar, the aluminum industry has seen declining value-added in recent years. Gongyi is pushing for terminal development to capture market opportunities. Chinalco Group, previously focused on ordinary aluminum sheets, introduced downstream producers from Zhejiang through a "zero land price" policy, enabling it to produce anodized aluminum sheets for construction, leading to a business turnaround.
Another example is the Zhonghong Aluminum Deep Processing Industrial Park, which received 1.8 billion yuan in investment. With 800,000 square meters of standard factory buildings under construction, more than 200 small and medium-sized aluminum terminal enterprises from the southeast coast are expected to be introduced. This initiative helps both local aluminum producers and new businesses, creating a win-win situation.
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