Core Insights - Fujian Naxin Silicon Industry Co., Ltd. has invested 510 million yuan and is set to commence production in October 2024, focusing on products such as fumed silica and silicone rubber, with an annual output of over 40,000 tons of organic silicone rubber [1] - The company achieved an order volume exceeding 6,000 tons and a production value of nearly 120 million yuan in the first quarter [1] - Naxin Silicon has become a leading enterprise in the silicone industry in Ninghua County, generating an annual output value of 600 million yuan and serving over 1,000 downstream customers nationwide [1] Company Overview - Naxin Silicon is the first silicone rubber enterprise in Ninghua County, providing raw materials for local companies such as Ninghua Shidai and Sanpu [1] - The company is part of a broader industrial chain, which includes 12 other enterprises attracted to the region, with 9 already in operation [1] - The main industrial chain for silicone-based new materials has been established, with an expected output value of 358 million yuan in 2024 and over 500 million yuan once all 12 projects are operational [1] Industry Development - Ninghua County has adopted a "one area, multiple parks" model to develop a provincial-level overseas Chinese economic development zone, creating specialized parks for various industries including new materials [2] - The region aims to provide a high-quality platform for projects related to silicone oil, silicone rubber, and silicone resin [2]