In the morning of Feb 20, foundation stone laying ceremony of 100,000 tons of steel cord and 100,000 tons of wire rope projects of Hixih Group was starting. Zhang Zhenchuan, the deputy secretary of Jining Committee and mayor, Jiangchen, secretary of Yanzhou Committee, Zhangyuyua, mayor of Yanzhou, and several leaders of the relevant departments in Jining and Yanzhou, also Hixih Group chairman Niu Yishun and executive director Niu Teng, and group senior managers and some staffs attended this ceremony.

　　Foundation stone laying ceremony hosted by Jiangcheng, Chairman Niu, Cattanel and mayor Zhang Yuhua and Zhang Zhenchuan made a speech one by one. Chairman Niu introduced the company’s development approach and two new projects.

It was learned that one is cooperated with Pirelli Group about  wire rope, it could add sales income 2.6 billion yuan and 600 million tax profit after put into production; the other project is cooperated with Goodyear engineered products of United States, totally invested 1 billion yuan, it could add sales income 1.6 billion yuan and 300 million tax profit after put into production, it would significantly reduce product costs and significantly improve the economic efficiency of enterprises.

With the Jining and Yanzhou Municipal Government and Committee, and the Group Leaders scoop up the soil to the foundation stone, 100,000 tons of steel cord and 100,000 tons of wire rope projects declared officially launch. It also marks the Hixih Group will enter into a more rapid stage of development.