“冷”加工厂的“热”贡献：欧洲钢材巨头持续看好中国市场

Core Insights - The new cold-rolling precision processing factory of Haimu Materials Technology (Jiangsu) Co., Ltd. was inaugurated on October 25, 2023, marking a significant step in the company's expansion in China [2][3] - The factory, covering an area of 12,500 square meters, utilizes "cold technology" to produce special alloy pipes that can withstand extreme conditions, reflecting the company's commitment to innovation in the Chinese market [3][4] - Haimu's revenue from the Chinese market is projected to reach 1.544 billion yuan (approximately 220 million USD) by 2024, demonstrating strong growth potential [3] Company Development - Haimu's journey in China began in 1985, evolving from a sales office to a manufacturing base and now an innovation hub, showcasing China's transformation from a "world factory" to an "innovation highland" [3][4] - The company has achieved over 20% compound annual growth rate in its pipe business in China over the past seven years, with expectations of double-digit profit growth following the new factory's launch [4] Strategic Expansion - The Jiangsu base not only serves the Chinese market but also exports products to South Korea, Japan, and Southeast Asia, indicating a strategic layout of "rooted in China, radiating to Asia" [4] - Haimu's production process incorporates over 80% recycled steel, maintaining low greenhouse gas emissions, and the new factory features solar panels, increasing the proportion of green electricity used in production [4] Market Perspective - China is recognized as the largest chemical market and a testing ground for green technology innovation, which is a key reason for Haimu's investment in the region [5]