Aerospace Technology (688239.SH) plans to build a project to develop ring forgings for aero engine gas turbines and increase production capacity

Zhitong Finance App News, Aerospace Technology (688239.SH) announced that the company plans to invest in an R&D and production capacity improvement project for ring forgings for aero engines and gas turbines at the Shawen Ecological Technology Industrial Park in Guiyang National High-tech Zone. The total investment of the project is about 600 million yuan, including fixed asset investment of 545 million yuan and working capital of 55 million yuan. The construction cycle of the project is 60 months. Construction is expected to begin in June 2027, infrastructure construction and trial operation will be completed in June 2030; production will be officially put into operation in June 2032.

This investment is in line with the company's development strategy for high-end equipment forgings and precision machining. It helps the company to seize market opportunities, expand business scale, increase market share, and obtain economies of scale in the context of rapid development of high temperature alloy ring forgings and aerospace industries, thereby enhancing overall competitiveness.