CHANGZHOU, China, July 20, 2016 /PRNewswire/ -- Changzhou National Hi-Tech District signed an agreement on July 9th, under which China's largest aerogel materials manufacturing base will be established in the district. Changzhou National Hi-Tech District plans to put in a dedicated effort to bring in more than 10 aerogel production facilities within five years, with the expectation of generating an output value estimated at 10 billion yuan (approx. US$1.5 billion).
According to the agreement, Hongda Technology (Beijing) Co., Ltd. will set up an aerogel material manufacturing facility in Changzhou National Hi-Tech District, to incubate, foster the environment for and bring in new aerogel material application projects. The facility is expected to have an annual production capacity of 30,000 cubic meters of aerogel. The first project will be a production facility for aerogel-based home appliance insulation board jointly invested by Changzhou Leshi Leili Motor Co., Ltd. and Hongda Technology, with testing products already having been developed.