Guiyang boosts new industrialization

Equipment at Guizhou Huaren New Materials Co's factory operates. [Photo/colorful Guizhou network]

Guiyang and Guian New Area have promoted new industrialization to achieve high-quality development this year. This provides strong support to strengthen the province's capital.

In the first three quarters, Guiyang achieved a total industrial output value of 279 billion yuan ($39.47 billion). This is 14 billion yuan ahead of their third quarter target. 46 industrial enterprises grew in size and 366 new industrial projects were introduced.

Guizhou Huaren New Material Co incorporated 368 energy-saving electrolyzers, which can produce nearly 1,400 tons of molten aluminum per day. This is the foundation of the aluminum and aluminum processing industry.

In 2021, Anda Science and Technology Co in Guiyang invested 1 billion yuan to start the production of 50,000 metric tons of lithium iron phosphate and other supporting materials.

The production project was completed in July this year, and most of the finished products were used to increase R&D efforts, improve products, perfect the company's product supply chain system, and improve the development of the company in general.

Once this project is put into full operation, it is expected to increase Anda Science and Technology Co's output value by 10 billion yuan and increase the tax revenue by 400 million yuan.