Jiangsu Lizhong New Material Technology Co., Ltd. was established on January 10, 2020 and is located at No. 188, North Suzhong Road, Baoying Anyi Town Industrial Park, Yangzhou City. The company is a wholly-owned subsidiary of the listed company Lizhong Group (stock code: 300428), with a registered capital of 99 million yuan. It is mainly engaged in the R&D, production, sales, technical consultation and after-sales service of aluminum alloys, lightweight aluminum alloy materials and light metal alloy materials for communications and electronics, as well as the smelting, processing and utilization of recycled metals.
The company now covers an area of 55000 square meters and a building area of 28000 square meters. The company plans to build 118500 tons of capacity in the first phase, and the production lines of aluminum liquid and aluminum ingot will be put into production in July 2020 and July 2021 respectively. The main supporting customers of aluminum liquid are Yangzhou Kaixiang Precision Casting Technology Co., Ltd., and the service will meet the supply and service of aluminum ingot user markets in Jiangsu, Zhejiang, Shanghai and other places. According to the overall planning of the Group, the second phase of the Company plans to add 200000 tons of high-performance recycled aluminum alloy reconstruction and expansion projects. After completion, the annual capacity will be close to 320000 tons, which will become the largest aluminum alloy production base of Lizhong Group in East China.
In 2021, the company's project was listed as a major project in Yangzhou City. In February 2022, the "postgraduate workstation" jointly established by Jiangsu Lizhong and Nanjing University of Technology was approved.
The sales volume in 2021 will be 570 million yuan, and the expected sales volume in 2022 will be 900 million yuan.
Introduction to Lizhong Group: Lizhong Group was founded in 1984. After 36 years of development, it now has three parts: Lizhong alloy, Lizhong wheel and four-way new material. In March 2015, Stone New Materials was listed in Shenzhen Stock Exchange. Sitong New Material reorganized and merged Lizhong Wheel Group in December 2018, and merged Lizhong Alloy Group in July 2020, realizing the overall listing of Lizhong Group.
The listed company is an international enterprise group specializing in the research, development and production of cast aluminum alloy, deformed aluminum alloy, aluminum alloy wheels, new functional alloy materials, precision molds and automatic smelting equipment. Its products are used in automobile, high-speed rail, electric appliances, consumer electronics, aerospace, machinery, ships and other fields. In 2019, Lizhong Group had 43 companies in the world, including 33 manufacturing plants, more than 9300 employees, assets of RMB 10.6 billion and sales revenue of RMB 14 billion.