en.Wedoany.com Reported - Recently, the relocation and new factory opening ceremony of Metalor Precious Metals (Suzhou) Co., Ltd. was held in the Suzhou Industrial Park, China. The completion and commissioning of the new factory has achieved capacity expansion and a comprehensive upgrade of precious metal refining processes, injecting new momentum into strengthening and extending the precious metals supply chain for China's advanced manufacturing industry.
Swiss Metalor established Metalor Technologies (Suzhou) Co., Ltd. in China in 2001. In 2019, Metalor and Poly Union formed a joint venture, Metalor Precious Metals (Suzhou) Co., Ltd., focusing on precious metal refining and deep processing, R&D and production of high-purity precious metal materials, and full-chain supporting services. In terms of equity structure, Poly Union holds 60%, Metalor Technologies (Suzhou) Co., Ltd. holds 40%, making Metalor Precious Metals a central-enterprise-controlled Sino-foreign joint venture.
At the new factory opening ceremony, attendees included relevant leaders from the Suzhou Industrial Park Administrative Committee and Suzhou Dushu Lake Science and Education Innovation Zone, Ruth Crowell, CEO of the London Bullion Market Association, Wang Lixin, CEO of the World Gold Council China, Bian Jiang, Vice President of the Precious Metals Working Committee of the China National Resources Recycling Association, Dai Ning, Deputy Secretary of the Party Committee and General Manager of Poly Union, Shi Xudong, Deputy General Manager of the Precious Metals Department of Industrial and Commercial Bank of China, Shang Yuxing, Vice President of Metalor Technologies Group, and Zheng Feng, Vice President of Poly Union and Chairman of Metalor Precious Metals.
The relocation and new factory commissioning of Metalor Precious Metals took two years. Dai Ning, Deputy Secretary of the Party Committee and General Manager of Poly Union, stated that Metalor Precious Metals is a crucial part of Poly Union's industrial chain. The relocation of the new factory is a significant project for Poly Union to layout strategic emerging industries and improve the complete precious metals industrial chain, as well as a concrete practice to implement national strategic mineral resource security deployment. The production line upgrade brought by the new factory lays a solid foundation for Poly Union to fulfill its functional mission as a central enterprise, achieve material self-sufficiency, and break through key bottleneck materials.
New precious metal materials have become key materials supporting the development of strategic emerging industries such as high-end manufacturing, semiconductors, new energy, and environmental catalysis. The new production line of Metalor Precious Metals has achieved a comprehensive upgrade, expanding the scale of precious metal refining and processing capacity, systematically enhancing technical capabilities in areas such as high-purity materials, special alloys, target manufacturing, and catalyst R&D, supporting the self-sufficiency of the industrial chain and supply chain.
Shang Yuxing, Vice President of Metalor Technologies Group, stated that as a Sino-foreign joint venture, Metalor Technologies and Poly Union complement each other's advantages, achieving deep cooperation in technology, market, and management. The completion of the new factory embodies the hard work of shareholders and all employees, and also represents Metalor Group's firm determination to deeply cultivate the Chinese market, persist in innovative development, and layout global operations.
After the new factory is put into operation, Metalor Precious Metals is equipped with internationally advanced precious metal refining processes and fully automated intelligent production lines, significantly increasing capacity and achieving industry-leading low-carbon and energy-saving standards. Dai Ning stated that Metalor Precious Metals will focus on three key areas in the future: first, innovation breakthroughs, by deepening industry-university-research cooperation with universities and institutes, focusing on high-end product spaces, and forming self-controlled core technological achievements; second, capacity release, by coordinating production operations, safety, and environmental protection, optimizing industrial structure based on market frontiers, accelerating capacity release, and ensuring high-quality expansion and efficient operation of the new factory; third, industrial extension, leveraging core advantages in refining and processing to open up the entire closed loop of the industrial chain from technology R&D, refining and processing, to high-end manufacturing and recycling, fully unleashing the industrial agglomeration effect.
Chen Biao, General Manager of Metalor Precious Metals, who has been with the company for 18 years, stated that the opening of the new factory is not just a site upgrade, but a comprehensive leap in the company's technical strength, manufacturing level, and green development philosophy. In the future, Metalor Precious Metals will rely on the modern factory platform to continuously increase R&D investment, tackle core technologies for new precious metal refining materials, improve product quality, provide stable and high-quality precious metal products and supporting services to domestic and international customers, and integrate low-carbon and environmental protection concepts into the entire production process, building a green and intelligent benchmark factory.
