A total investment of 4.2 million US dollars Shandong Rizhao automobile stamping die project put into production

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In recent years, as the automobile and engine parts industry in Rizhao Economic Development Zone has begun to take shape, the advanced machinery manufacturing industry in the area has gradually grown and expanded, with a standardized system, transparent policies, continuously improved infrastructure supporting functions, and “sincere agreement With regard to the investment environment with a warm and sympathetic environment, the Rizhao Economic Development Zone has intensified efforts to attract investment and provide all-round support for the auto parts industry. The intensive industrial investment and cooperation have promoted the development of the auto parts industry in the development zone from a single project to a new stage of industrial cluster development, and the industrial chain has become increasingly sophisticated.

On May 28th, 2010, now (Shandong) Auto Stamping Mould Co., Ltd. was put into production in Rizhao, marking the increasingly perfect auto parts in the development zone. According to Luo Baihui, secretary-general of the International Mould and Hardware and Plastic Industry Suppliers Association, the project has a total investment of 4.2 million U.S. dollars and a registered capital of 2.1 million U.S. dollars. It is mainly used for the production of mold blanks for companies such as Weiya Mould, BMW Brilliance, and Beijing Automotive Great Wall. It is estimated that 200 sets of automobile molds will be produced annually and the output value will be over RMB 100 million.

Now Sheng (Shandong) Auto Stamping Mould Co., Ltd. is a company invested by South Korea Technology Co., Ltd. The company entered the Chinese market as early as in 2004 and established the first domestic company in the Panjin area of ​​Liaoning Province. At the same time as high-tech, it has occupied the market in China. The main suppliers of the first factory are Beijing Hyundai, Wuxi Kia, Shenyang Jinbei BMW and other auto companies. According to the development of China's auto market, the company has now established a second company in Rizhao City, Shandong Province. The second company’s main customer is the Hyundai Wia.

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