Our Chairman and CEO, Zhang Bo visited the Sino-German Hongshun Recycling Technology Industrial Park.
The Park is a key project in Shandong Province and a crucial part of the Hongqiao’s development of the circular economy under our national “30/60” decarbonization goals.
The industrial park started construction in April 2021. At present, the cast aluminum alloy production line is ready to start trial production, with a target production capacity of 60,000 tons for the year.
The automobile dismantling project has passed qualification this month, and the target production capacity for the year is 3,000 vehicles.
The scrap crushing line is planned to be put into trial production in August this year, with a target production capacity of 50,000 tons by the end of this year.
The industrial park strives to achieve an annual output of 500,000 tons of recycled aluminum by 2026, dismantle 100,000 scrapped motor vehicles annually, and achieve sales revenue of 11.5 billion yuan.