First Listed Company in Die-casting Industry Starts First Project in North China’s TEDA

On April 20, the groundbreaking ceremony for the Guangdong Hongtu Lightweight Intelligent Manufacturing Project was held in TEDA Industrial Park. This marks the first investment in plant construction in northern China by Guangdong Hongtu Technology (Holdings) Co., Ltd. The project mainly engages in the design, R&D, and manufacture of auto parts, with an expected investment of approximately 504 million yuan in the first phase and will mainly construct the power center, CNC workshop, and die-casting workshop, and will have an annual output of 12,000 tons of new energy assembly, chassis, and body structure parts after commencement of production. It will become a primary supplier for auto brands such as FAW Toyota, FAW Toyota New Energy, Beijing Benz, Zhangjiakou Volvo, and Shenyang BMW, injecting impetus into the upgrading and optimization of the auto industry chain in TEDA and even the entire Tianjin city.

Guangdong Hongtu is the first publicly listed company in China’s die-casting industry and the largest precision aluminum alloy die-casting enterprise in China. It was jointly established by Guangdong Technology Financial Group Co., Ltd, the largest state-owned fund platform in Guangdong province, and other state-owned enterprises. Currently, the company has formed three major business segments: die-casting, auto interior and exterior decoration, and investment. Its clientele covers traditional high-quality auto manufacturers from Japan, the U.S, Europe, and China, as well as new forces in auto manufacturing and cross-domain high-tech giants.