Production equipment at the facility of Jiangsu Haoyin New Material Technology. [Photo/Nantong Daily]

Jiangsu Haoyin New Material Technology began production at its electronic-grade silver powder project in Rudong Economic Development Zone on Nov 11. With a total investment of 100 million yuan ($13.83 million), the facility is set to produce 600 metric tons of silver powder and paste annually, generating over 3 billion yuan in revenue when operating at full capacity.

Lu Huigang, deputy general manager of the company's operations center, highlighted the project's rapid progress, noting the seamless support provided by the zone. "From inception to mass production, we've benefited from Rudong's exceptional services," he said.

Silver powder and paste are critical materials for solar cells. With the rapid growth of the photovoltaic industry, demand for these materials is surging. Shen Wenzhong, director of Shanghai Jiao Tong University's Solar Energy Research Institute, praised Haoyin's innovative processes. "This breakthrough reduces reliance on imports, saves foreign exchange, and enhances China's control over key materials," Shen said.

The project reflects eight years of dedication by Haoyin, involving extensive design, experimentation, and testing to achieve success. Haoyin formalized partnerships with three companies at the launch ceremony, which represents the initiation of new collaborative endeavors.

Rudong Economic Development Zone continues to drive industrial growth, focusing on intelligent manufacturing, electronic information, and health and safety industries. With 50 large-scale projects under construction and nearly 20 projects operational this year, the zone is positioning itself as a hub for innovation and economic advancement.