en.Wedoany.com Reported - Anhui Panhua New Materials Co., Ltd., a subsidiary of Chinese private enterprise Panhua Group, will achieve full production of its 2-million-ton annual sheet project in August 2026 at the Wangjiang Economic Development Zone in Anqing City, Anhui Province. The project involves a total investment of approximately 5 billion yuan, covering an area of about 540 mu (land area of 127,476.15 square meters), with an annual design capacity of 2 million tons of high-end carbon steel sheets and coated sheets. It is a key component of Panhua Group's "Lighting Up the Yangtze River" strategic layout.
Founded in 2001 and headquartered in Zhangjiagang City, Jiangsu Province, Panhua Group is one of China's leading sheet producers, covering steel deep processing fields such as hot rolling, cold rolling, galvanizing, and color coating. Its products are widely used in industries including construction, home appliances, and automotive. Anhui Panhua New Materials Co., Ltd. is a wholly-owned subsidiary established by Panhua Group in Wangjiang, responsible for the construction and operation of this project. On the afternoon of June 11, 2026, a delegation led by Meng Jingwei, Secretary of the Anqing Municipal Party Committee, visited Panhua Group's headquarters and held in-depth discussions with Group Chairman Li Xinghua and Vice Chairman Li Jiacheng on project progress, production operations, and government-enterprise collaborative services. Li Xinghua stated that all aspects of the project, including engineering construction, equipment commissioning, and personnel preparation, are progressing steadily and will achieve full production in August.
According to Li Xinghua, Panhua Group's decision to establish operations in Wangjiang is a strategic choice based on the region's locational advantages, industrial foundation, and business environment. Once fully operational, the project will further enhance the regional steel new materials industry chain system, accelerating the clustering and development of upstream and downstream supporting industries. Dozens of companies have already expressed interest in building an ecological industrial park around Panhua's industry chain. This project will inject new momentum into the industrial economic expansion, quality improvement, and structural transformation and upgrading of Wangjiang County and even Anqing City.
The commencement of production at Panhua's Wangjiang project marks a further expansion of the group's production capacity layout in the middle and lower reaches of the Yangtze River, helping to enhance its supply capability and regional competitiveness in the high-end carbon steel sheet market, while providing significant support for the clustered development of the steel new materials industry in Anhui Province.
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