A few days ago, the signing ceremony of the Auto Parts Project of Zhongxing New District in Jiaozuo City was held in the High-tech Industrial Development Zone. The ceremony marked the official launch of the Auto Parts Project of Henan Zhongxing Group Co., Ltd. in the High-tech Zone.
The Axle New Area Auto Parts Project covers an area of ​​327 mu, with a total investment of 728 million yuan. The first-phase investment is 278 million yuan. In the two-year period, 20,000 sets of high-grade passenger car axles and 1 million high-grade engine camshafts are completed. 850 million yuan, after the project is completed and put into production, it can realize an output value of 2.6 billion yuan and profits and taxes of 500 million yuan.