Recently, a world-class auto parts production company - Jingyuan Heavy Industry Machinery Group officially settled in Wuhan Development Zone. The group will invest USD 40 million in the Wuhan Development Zone to establish Wuhan Jingyuan Heavy Industry Machinery Co., Ltd. to support the production of high-grade automotive aluminum wheels for automakers such as Shenlong, Peugeot, Renault, Toyota and Nissan.
According to reports, Jingyuan Heavy Industry Machinery Group was founded in 1980 and is one of the largest companies in the automotive wheel industry in the Asia-Pacific region with the largest variety of specifications.
It is reported that the first phase of Wuhan Jingyuan Heavy Industry Machinery Co., Ltd. occupies an area of ​​about 120,000 square meters, with an annual output of 2 million aluminum wheels. It is expected that construction will start in May this year and will be put into production in the spring of next year.