According to sources, the auto parts industrial park project with a total investment of 2 billion yuan was laid in the foundation of Wucheng District, Zhumadian City. The project was jointly built by Henan Hengfeng Group and Weicheng District. The project mainly adopts new technologies and new processes to produce automobile parts and components. In the first phase, the company invested 720 million yuan to build an annual output of 6 million high-strength unequal thick steel tubeless automobile wheel production projects and an annual output of 2 million sets of precision cast agricultural vehicle wheel production projects; later investment will build auto parts related support Projects and automotive transmission shaft production projects and material recycling projects. After the project is completed and completed in 2015, it can realize an annual output value of 4.5 billion yuan, profits and taxes of 500 million yuan, and foreign exchange earnings of 50 million US dollars, becoming the largest auto parts production base in Central China.
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