Heraeus opens new plant in Nanjing
2018-09-13 15:24:00

An employee prepares gold ingots for shipping at the Argor-Heraeus SA gold producing and refining plant in Mendrisio, Switzerland. [Photo/Agencies]

Heraeus Precious Metals Technology (China) Co Ltd, a subsidiary of the Germany-based, family-owned international technology giant, opened its $120-million ultramodern precious metals plant at Nanjing, Jiangsu province, on Wednesday.

Billed as the world's most advanced precious metals factory, it is spread over 84,000 square meters at the Nanjing Jiangbei New Material Science and Technology Park, one of the top three chemical parks in China, 300 km northwest of Shanghai.

Precious metals are used in key industries in China, generating 1 trillion yuan ($144.5 billion) and providing 3.5 million jobs.

"The Nanjing site will allow us to combine Heraeus' global network with local talents, stay closer to our local customers, and better serve them with our global capabilities," said Jan Rinnert, Heraeus' global chairman and CEO.

Linda Hu, Heraeus Precious Metal China commercial head, agreed. "Heraeus will create more value for customers from the petrochemical, pharmaceutical, automobile, electronics and energy industries, and usher in the green development of the entire precious metals value chain (from trading through precious metals products to recycling)."

The largely automated plant, Heraeus' largest investment in China, will integrate precious metals recycling and new precious metals materials production, and is expected to command a 20 percent share of the China market by 2020.

Eventually, it will evolve into a smart factory providing value-added products with low energy consumption and emissions, company officials said.

The factory will increase Heraeus' recycling capacity of precious metals in China from 700 to 3,000 metric tons annually, and quadruple its annual capacity to process innovative materials.

China is the world's largest consumer of platinum group metals. It accounts for a quarter of global demand. The country, however, lacks such natural resources and depends on imports and recycling. Platinum group metals are used as emission and process catalysts for major industries.

Source:China Daily Editor:Hiram