Xiexin Stainless Steel

It is a legally registered, large-scale enterprise in Indonesia, with legal representative Li Zhiming. The company's business scope mainly includes industry, trade, transportation, electricity, mining, etc. It aims to invest in the construction of the "New Energy Industry Industrial Park" (hereinafter referred to as the Park) to produce high-quality nickel pig iron (with a nickel content of no less than 10%). Our group company in China is a comprehensive large-scale enterprise, involved in mining, finance, real estate, trade, and many other fields, with nearly 20 years of rich experience in mining exploration, extraction, and smelting. Xiexin Stainless Steel (Shanghai) Electric Power Technology Co., Ltd. serves as the Shanghai representative office of the Group. In recent years, with the rapid growth of world stainless steel demand, Indonesia, a major exporter of nickel raw materials, banned the export of raw minerals in 2014. As China consumes 50% of the world's stainless steel, the supply market for nickel iron raw materials presents huge business opportunities. Under the friendly environment of mutual benefit and win-win cooperation between China and Indonesia, and after thorough research, the company invested in the construction of the New Energy Industry Industrial Park in Morowali Regency, Central Sulawesi Province, Indonesia, in 2014. The company boasts strong technical strength: its management team mainly comes from excellent nickel iron and stainless steel enterprises such as China Baowu Group, Xinxing Ductile Iron Pipes, and Chengde Nickel Industry, possessing mature capabilities in nickel design, exploration, extraction, smelting, construction, and operation. The park has obvious regional advantages: it is located at the junction of Bahodopi and Dongbengu Towns in Morowali Regency, Central Sulawesi Province. The terrain is flat and open, close to provincial roads, and surrounded by concentrated villages, facilitating the supply of agricultural and sideline products. The park backs onto rich laterite nickel ore resource core areas and faces the sea, with convenient logistics in all directions. The project is constructed in three phases. Currently, the first phase includes the 265 power plant, which has been put into operation. For Phase I, the 4×36 nickel iron production lines: the first production line was put into operation in August 2022, and the second line was also put into operation in September of the same year. It is expected that the third and fourth lines will be fully operational by June this year. The total investment for Phase III exceeds RMB 40 billion, planning to build a total of 40 high-grade nickel matte production lines, with an annual production capacity of 400,000 tons of metallic nickel. The project also introduces leading enterprises from the international new energy vehicle battery industry to invest in the construction of new energy vehicle battery materials and downstream battery factories within the park. While continuously pursuing its own development, the company adheres to long-term responsibility to give back to society and develop together with society!