Construction of the World's Largest Medium-Frequency Induction Feating Equipment R&D and Production Base Project Kicks Off

On June 5, the Rongtai high-end heat treatment equipment R&D and industrialization project broke ground in Fangzi District, Shandong, marking the beginning of the industrialization phase following the successful development and trial production of the world's largest medium-frequency induction alloy melting furnace by Shandong Rongtai Induction Technology Co., Ltd.

The project is invested and constructed by Shandong Rongtai Induction Technology Co., Ltd., with a total investment of 327 million yuan, covering an area of 145.5 mu. The plan is to build 50,000 square meters of production workshops and R&D buildings. After completion, the site will produce 1,500 sets of high-end heat treatment equipment annually, becoming the world's largest R&D and production base for medium-frequency induction heating equipment. Notably, the RT23040200 super-large medium-frequency induction alloy melting furnace successfully developed by the company has a maximum power of 30,000 KW and a capacity of up to 120 tons. It is currently the world's largest medium-frequency induction alloy melting furnace, an absolute leader in terms of technology and smelting capacity in the global medium-frequency induction alloy melting furnace industry.

The construction of this project is a vivid illustration of Fangzi District's commitment to innovation-driven development, courage to scale the heights of science and technology, and efforts to accelerate the forging of new quality productive forces. In recent years, Fangzi District has adhered to the concept of "wholehearted service to enterprises without hesitation", innovatively implemented the full life-cycle project service promotion mechanism, vigorously carried out a series of activities such as "visiting enterprises", "finding orders for enterprises", and "delivering policies to enterprises", directing enterprises and projects onto a fast track of development. From January to April this year, on a year-on-year basis, Fangzi District's general public budget revenue soared by 21.3%, the value-add of industrial enterprises above a designated size rose by 10.7%, fixed asset investment climbed by 3.2%, private investment increased by 13.2%, and technological transformation investment went up by 18.3%. The district's economic and social development has maintained a good momentum.