Zhongnan Diamond “Nanyang Large Grain Diamond Product Production Line Construction Project” and “Nanyang High Toughness Industrial Diamond Product Production Line Construction Project” passed the acceptance test

Abstract On January 30th, the “Nanyang Large Grain Diamond Product Production Line Construction Project” and the “Nanyang High Toughness Industrial Diamond Product Production Line” implemented by Zhongnan Diamond Co., Ltd., a wholly-owned subsidiary of Zhongbing Hongjian Co., Ltd. (hereinafter referred to as “Zhongnan Diamond”) The construction project has been completed...

On January 30, Zhongnan Diamond Co., Ltd., a wholly-owned subsidiary of Zhongnan Diamond Co., Ltd. (hereinafter referred to as “Zhongnan Diamond”), implemented the “Nanyang Large Grain Diamond Product Production Line Construction Project” and the “Nanyang High Toughness Industrial Diamond Product Production Line Construction”. The project has completed all the construction contents of the approval, and the acceptance team composed of relevant departments and experts has completed on-site completion acceptance of completed financial final accounts and process equipment acceptance.

According to the announcement, the “Nanyang Large-Grain Diamond Product Production Line Construction Project” with an investment of 470 million yuan and the “Nanyang High-Toughness Industrial Diamond Product Production Line Construction Project” of 550 million yuan are all the construction of Zhongnan Diamond's 2013 shares to purchase assets and raise matching funds. The project, the completion of the above two projects, supplemented the industrial diamond synthetic press and necessary supporting facilities for Zhongnan Diamond, further improved the production facilities of Zhongnan Diamond, and significantly enhanced the production capacity of Zhongnan Diamond high-end super-hard materials. It has improved the overall technical level, equipment level and flexible production capacity of Zhongnan Diamond, and provided guarantee conditions for the rapid development of Zhongnan Diamond from high-speed development to high-quality development and product structure.

In recent years, the market for super-hard materials has become more complex and volatile, competition has intensified, and the structure of user demand has also undergone major changes. The market demand for large-grain diamonds and high-toughness diamonds has not experienced the expected substantial growth. According to the market demand, its own technical level, product structure planning target and the production and supply of synthetic diamond products, Zhongnan Diamond combines the capacity of the above two projects with the characteristics of flexible production capacity, and uniformly allocates the production capacity of the above two projects according to the overall production demand. Used to produce ordinary synthetic diamond products.

In the future, Zhongnan Diamond will gradually increase the production and market supply ratio of high-toughness industrial diamond products and large-grain diamond products depending on market demand.

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