Yinchuan makes new materials industry growth engine
Yinchuan in northwest China's Ningxia Hui autonomous region has been upgrading the structure of its new materials industry, particularly enterprises that produce photovoltaic silicon, industrial sapphire, and third-generation semiconductors, to promote high-quality development and build clusters worth hundreds of billions of yuan.
In 2021, Yinchuan's 25 new materials enterprises above designated size had a total output value of 25.9 billion yuan (about $4.1 billion), with year-on-year growth of 92 percent.
During the same period, 21 new materials projects were implemented with a combined investment of 4.25 billion yuan by well-known new materials enterprises in Yinchuan.
Ningxia has multiple advantages in the foundation of its technology development and production.
Yinchuan has seven national high-tech enterprises and six R&D platforms belonging to enterprises above the autonomous region level. Last April, the Shanghai Jiao Tong University Yinchuan Institute of Materials went into operation, becoming the highest-level new materials analysis and testing center in northwest China.
Yinchuan also tops the country in production of industrial sapphire with an annual production capacity of 5,500 tons.