On the afternoon of June 29, China First Heavy Industries (known as CFHI) and Liyang, Changzhou held a signing ceremony for the high-end new materials project to be located in Zhuze town.

With a total investment of 3.08 billion yuan, the project will be constructed in two steps, expecting annual sales of 3.2 billion yuan after putting into operation.

CFHI, founded in 1954, is one of the leading State-owned enterprises related to national security and economy under the administration of the central government.

The company has devoted itself to the revitalization and development of China’s national industry by supplying a full range of major technical equipment, high-tech products, and services to the steel industry and the non-ferrous, electric power, energy, automobile, mining, petroleum, chemical, transportation, and military industries.