Core Viewpoint - The launch of the Hengrun high-strength steel plate project marks a significant advancement in the manufacturing sector of Guangling District, contributing to the local economy and the development of a modern industrial system in Yangzhou [3][4]. Company Overview - Hengrun Marine Heavy Industry Co., Ltd. has invested in the Guangling District since 2012, focusing on the real economy and transformation [3]. - The company achieved an industrial output value exceeding 100 billion yuan in 2018 and over 200 billion yuan in 2021, with cumulative tax contributions surpassing 35 billion yuan [3]. Project Details - The Hengrun high-strength steel plate project has a total investment of 5.5 billion yuan, covering an area of 712 acres, with equipment investment amounting to 3 billion yuan [3]. - The project is designed to produce 2 million tons of cold-rolled high-strength steel plates annually, with expected annual sales exceeding 4 billion yuan after full production [3]. Industry Impact - The project is a key initiative for the company to strengthen its supply chain and signifies a new phase in the development of the manufacturing industry in Guangling District [3]. - The products will cater to various high-end applications in industries such as automotive, manufacturing, home appliances, and construction, addressing the demand for steel plates in the Yangtze River Delta region and enabling some products for export [3]. Government Support - Local government officials emphasized the importance of the project for the region's economic development and pledged to support Hengrun in becoming a leading player in the industry [4].