Xinyi Company's 2.5 billion cable project settled in Hi-tech Zone

(Reporter Zhang Mingxing) Yesterday morning, the foundation stone laying ceremony for the rare earth high-speed rail aluminum alloy power cable project with a total investment of 2.5 billion yuan was held in the High-tech Zone. The first phase of the project will be completed and put into operation on August 1 this year. It is expected that after the project is completed and completed, sales will exceed 10 billion yuan.

Sun Ruibin, Member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, Wang Dahu, Member of the Standing Committee of the Municipal Party Committee, and Deputy Mayor of the Municipal Party Committee, and Hu Ruxuan, Member of the Standing Committee of the Municipal Party Committee, attended the foundation laying ceremony.

Hebei Xinyi Rare Earth High-speed Rail Aluminum Alloy Cable Project is an investment project of Anhui Xinyi Cable Company, a well-known professional cable manufacturer in the city. Anhui Xinyi Cable Co., Ltd. is also the only Chinese-funded enterprise among the four professional manufacturers of aluminum alloy power cables in the world. The company's self-developed rare earth high-speed rail aluminum alloy power cable not only has reliable safety performance, good electrical conductivity and superior mechanical performance, but also has a more economical and affordable purchasing price. It is a new type of power cable with high-tech content and broad market prospects. Hebei Xinyi Rare Earth High-speed Rail Aluminum Alloy Cable Project covers an area of ​​about 2,000 acres. The first phase of the project covers an area of ​​600 acres and a total investment of 2.5 billion yuan. It is currently the fastest one among all Xinjian Cable Company's projects under construction. It is expected that It will be put into production on August 1. After all the projects are completed, more than 2,000 new jobs will be created, with sales exceeding 10 billion yuan and tax revenues exceeding 1 billion yuan. The city will also become the largest new power cable production base in northern China.

Lin Zemin, chairman of Anhui Xinyi Cable Co., Ltd., said in his speech that he must go all out to promote the construction of the project, and strive to build the project early, put it into production early and bear fruit as early as possible.

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