In September 22nd, Shaanxi HuaMei Materials (HMTi)’ the investment signing ceremony of High Performance Titanium Alloys and Wrought Magnesium Alloys Products Industrialization Project was held at Mei District Merchants Bureau. The project will further enhance the agglomeration effect of the titanium alloy processing industry in the Titanium Valley (Baoji, China). Cao Naiping, the deputy head of the county, presided over the ceremony.
The total investment of the project is RMB210 million, covering an area of 26666.67 square meters, which is divided into two phases. The first phase is expected to be completed in May 2017. The output value of the whole project is estimated to be RMB250 million.