www.ferroalloynet.com: On October 21, Project promotion and investment promotion activities in Panzhihua city in the third quarter of 2020 began in the autumn rain.

The economy resumed steady development. The city’s GDP reached 74.459 billion yuan, up 2.5% year on year. The growth rate was 1.8 percentage points higher than that of the first half of the year, 0.1 percentage points higher than the provincial average, ranking 11th in the province. Investment growth accelerated. Fixed asset investment in the Panzhihua increased by 8.5%, up 4.2 percentage points from the first half of the year and 0.7 percentage points higher than the provincial average. In particular, 6.855 billion yuan was invested in key projects of 57 provinces and municipalities directly under the Central Government, 99.29 percent of the annual investment plan and 24.29 percent behind schedule. Private investment grew by 7.4%, 2.3 percentage points higher than that of the whole province, becoming an important driving force for the growth of investment in the whole society.  Industrial production continued to up. The city’s industrial added value increased by 2.7%, 0.9 percentage points higher than that in the first half of the year. In September, the city’s industrial added value increased by 6.2%, which is the highest monthly growth rate since the beginning of this year, and the industry has recovered for four consecutive months. The consumer market is picking up. The total retail sales of social consumer goods in Panzhihua reached 16.227 billion yuan, down 5.1% from the same period last year, and the decline narrowed by 2.6 percentage points compared with that in the first half of the year, ranking the ninth in the province.  The investment attraction effect is obvious. The capital for attracting investment reached 60.014 billion yuan, with a year-on-year growth of 1.05%, and the capital of outside the province of China reached 25.133 billion yuan, with a year-on-year growth of 4.55%.

The decline in foreign trade has narrowed. The total foreign trade volume of the city was 2.237 billion yuan, down 3.5% year on year and 3.1 percentage points less than that of the first half of the year.

About the Project   The block project of Panzhihua Lele Energy Technology Co., Ltd. with annual output of 450,000 cubic meters of comprehensive utilization waste: the project covers an area of 180 mu with a total investment of 520 million yuan. The project will be started in 2020 and the pilot production is planned in November 2020. After the project is completed and put into operation, 1.3 million standard bricks will be produced daily, achieving an annual production value of 1 billion yuan. The project is an energy conservation, environmental protection and clean project to promote the industrialization of resource recycling and turn waste into treasure with zero emission. It produces new building materials with waste such as mineral dressing tailings, silt, construction slag and coal gangue, and its technical equipment reaches the advanced level in China.  The innovation project of 500,000 tons Panxi Titanium concentrate upgrade conversion titanium chloride slag of Sichuan Lomon Corporation: the total investment of the project is 2 billion yuan, including 1.5 billion yuan for the first phase of the project. It is planned to complete the equipment installation in December, and put into trial production in February next year. The second phase of the project, with an investment of 500 million yuan, is scheduled to be completed and put into operation by the end of 2022. This project fills the blank of titanium chloride slag industry in western area of Panzhihua, and will effectively promote the upgrading and transformation of the whole industrial chain of titanium concentrate – titanium chloride slag – titanium chloride powder and titanium alloy sponge – titanium alloy in western area of Panzhihua, and accelerate the adjustment and upgrading of regional industrial structure.

The project of 500000 tons of pellets technical renovation of Panzhihua Shuigang Hongfa Mining Co. LTD: the project in the industry take the lead in the implementation of pollution ultra-low emission, with advanced chain grate machine – rotary kiln – ring cold pellet alternatives to traditional production process of shaft furnace pellets production technology, to produce pellets of high grade, good strength and easy reduction, uniform, good air permeability, with low energy consumption, low material consumptions, low cost, less emissions and other advantages. After the transformation, it will meet the latest requirements of ultra-low emission in the national steel industry.

The vanadium titanium automobile plate spring project of annual output of 200,000 tons of Panzhihua Gaojing Vanadium Titanium automobile plate spring Co. LTD: Panzhihua Gaojing vanadium titanium automobile plate spring Co., Ltd. mainly adopts its own research and development of proprietary technology, using natural vanadium containing scrap steel slag in Panzhihua and surrounding areas, Track cutting head, scrap steel processing and production of various automotive plate spring and special-shaped plate spring. This project is the leading project of building vanadium and titanium steel equipment manufacturing industry in the characteristic industrial park of Greaping, whichn is the key project of industrial transformation and upgrading in the western region, and the new growth point of industrial economy in the western region. After the project is completed and put into operation, the annual output value can reach more than 2.5 billion yuan.

R&d and Industrial Park of all-Vanadium Liquid-flow energy storage: The project has a total planned investment of 1.8 billion yuan and will be constructed in four phases. The project relies on Panzhihua’s strong vanadium resource guarantee capability, and takes vanadium pentoxide as the basic raw material to mainly construct the production line of vanadium liquid flow battery and electrolyte. The first phase of the project is scheduled to be completed and put into operation in December this year, the second phase will be completed and put into operation in April 2022, and the third and fourth phases are expected to be completed in 2025. After the project is completed and put into operation, the estimated annual output value will reach 2 billion yuan.

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