Relying on Baili Precision Tool Co., the future Nanchang High-tech Zone will form a deep processing chain for tungsten products from tungsten powder, tungsten rods and precision tooling projects, and become an important deep processing base for Jiangxi tungsten industry.
At the end of 2007, TCT, the world's second largest manufacturer of printed circuit boards, officially settled in Nanchang High-tech Industrial Development Zone and established Baili Precision Tools (Nanchang) Co., Ltd. On August 18, 2008, the first phase of the tungsten carbide tool project of Baili Precision Tool (Nanchang) Co., Ltd. was completed and put into operation. The project completed an investment of 23.7 million US dollars. The second phase of the tungsten carbide rod project has started construction this year. The total investment of the project is 15 million US dollars. At present, the No. 1 plant of the tungsten rod project has been capped. The No. 2 and No. 3 plants have progressed smoothly and will be completed and put into operation in 2010. After the entire project is put into production, it can increase annual sales income by 2.4 billion yuan and realize profits and taxes of 250 million yuan.
At the end of 2007, TCT, the world's second largest manufacturer of printed circuit boards, officially settled in Nanchang High-tech Industrial Development Zone and established Baili Precision Tools (Nanchang) Co., Ltd. On August 18, 2008, the first phase of the tungsten carbide tool project of Baili Precision Tool (Nanchang) Co., Ltd. was completed and put into operation. The project completed an investment of 23.7 million US dollars. The second phase of the tungsten carbide rod project has started construction this year. The total investment of the project is 15 million US dollars. At present, the No. 1 plant of the tungsten rod project has been capped. The No. 2 and No. 3 plants have progressed smoothly and will be completed and put into operation in 2010. After the entire project is put into production, it can increase annual sales income by 2.4 billion yuan and realize profits and taxes of 250 million yuan.
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