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HEC Group Dongyang Base Aluminum Electrolytic Capacitor Project officially started

2022-02-22

On February 21st, Dongyang City's 2022 expansion of effective investment major projects and the commencement ceremony of the HEC Aluminum Electrolytic Capacitor Project was grandly held at the Dongyang Base Capacitor Project Site of HEC Group. Lou Langjian, Secretary of the Dongyang Municipal Party Committee, attended the event and announced the start of the project. Huang Shengke, Deputy Secretary of the Municipal Party Committee and Mayor, presided over the ceremony. Chen Hong, Member of the Standing Committee of the Municipal Party Committee and Executive Deputy Mayor, reported the overall situation of the centralized construction project. Secretary of the Party Working Committee of Dongyang Economic Development Zone , Director of the Management Committee Huang Wenming and General Manager of Dongyang Transportation Investment Construction Group Co., Ltd. Li Liang made speeches, and Chairman of HEC Group Zhang Yushuai attended the event and delivered a speech.

Mr. Lou Langjian, Secretary of Dongyang Municipal Party Committee, announced the start of the project

Mr. Huang Shengke, Deputy Secretary of Dongyang Municipal Party Committee and Mayor, presided over the groundbreaking ceremony

Mr. Chen Hong, member of the Standing Committee of the Dongyang Municipal Party Committee and Executive Deputy Mayor, informed the overall situation of the centralized construction projects

Mr. Huang Wenming, Secretary of the Party Working Committee and Director of the Management Committee of Dongyang Economic Development Zone, delivered a speech

Mr. Zhang Yushuai, Chairman of Dongguang Group, delivered a speech

Mr. Zhang Yushuai, Chairman of Dongguang Group, delivered a speech. He affectionately expressed his love for his hometown and his firm confidence in the cause of HEC. The aluminum electrolytic capacitor project is the first key project of HEC Group returning to its hometown. The start of construction of this project also marks the official start of Dongyang Base, the seventh largest base of HEC Group. HEC Group will rely on its strong accumulation in the new electronic material industry for many years and the advantages of a complete industrial chain to build Dongyang Base into an industry benchmark for automation, intelligence, informatization and leanness of new electronic materials in China.

Effect drawing of Zhejiang Dongguang Sunshine Aluminum Electrolytic Capacitor Project

The total investment of the aluminum electrolytic capacitor project in Dongyang Base of HEC Group is planned to be 2 billion yuan, covering an area of 166.3 acres The first phase of the project, with an investment of 1 billion yuan, will start construction in February 2022 and is planned to be put into operation in March 2023. After the completion of the project, it is expected to achieve annual sales of 2.5 billion yuan and annual profits and taxes of over 500 million yuan. Aluminum electrolytic capacitors are widely used in electronics, communications, machinery and other fields. With the technological upgrading of 5G communications, new energy vehicles and consumer electronics industries, the demand for miniaturized, chip-type and medium-high-voltage large-capacity aluminum electrolytic capacitors continues to expand, and there is a broader space for development. HEC has the production capacity of a full range of high, medium and low voltage products, and is also the world's largest producer of the key material for aluminum electrolytic capacitors - formed foil, with strong technical force and significant industrial chain advantages.

More than 200 people attended the event, including leaders at all levels of Dongyang City, leaders of the party and government of all towns, townships and sub-districts, principals of the departments directly under Dongyang City, leaders of Dongyang City's banking system, leaders of the territorial territories at the ground-breaking ceremony, representatives of construction units and project owners, and media reporters. .

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