In September, Jidong Cement Group Co., Ltd. and Japan Machinery Co., Ltd. formally signed a contract to determine the formation of the Tangshan shield stone fan project. The registered capital of this project is 70 million yuan. Jidong Cement Group's cash contribution accounts for 75% of the equity, and Japanese technology and cash contribute 25% of the equity. The turbine production base of the Tangshan Shield Stone Fan Project in the Caofeidian Industrial Zone is expected to have an investment of 200 million yuan and an annual production value of 600 million yuan. It is understood that centrifugal fans are widely used in cement, chemical, steel, petrochemical, power and other industries. The centrifugal fan produced by this contracted project is used for the production of 5,000 tons of cement clinker production line per day, which can save 8 million kWh in one year and reduce the cost by 4 million renminbi.
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