标题: Hasen Signs Titanium Powder Project in Nanzhao; First Phase to Receive RMB 100 Million Investment [打印本页] 作者: admin 时间: 2026-11-3 20:07 标题: Hasen Signs Titanium Powder Project in Nanzhao; First Phase to Receive RMB 100 Million Investment On October 30, 2026, Nanjixiong learned that the government of Nanzhao County, Henan, announced on October 23 that it had signed an agreement with Jiangsu Hasen Intelligent Manufacturing Technology Co., Ltd. on October 21 for a titanium metal powder manufacturing project. The project comprises three phases. The phase now being launched is the first, with an investment of RMB 100 million. Construction is scheduled to begin in November 2026 and production in March 2027. Once it reaches its planned capacity, annual revenue is expected to exceed RMB 300 million, with tax payments of approximately RMB 40 million.
According to Securities Times, Hasen Intelligent Manufacturing is a controlled subsidiary of A-share-listed Hasen (603958). The project uses processes including plasma atomization (NPA), with products targeting both 3D printing and metal injection molding (MIM). In April this year, Hasen Weite, a subsidiary of Hasen, launched TC4 titanium powder for 3D printing (15–53 μm) and TC4 powder for MIM (0–25 μm) in Kunshan. It has also mastered TPR titanium powder particle-size restructuring technology.
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Nanjixiong's Observations
Hasen was originally a women's footwear manufacturer and has clearly been moving toward high-end metal powder materials over the past two years. The Nanzhao project is located in Henan, close to titanium ore resources. An investment of RMB 100 million in the first phase is not particularly large, but annual revenue of RMB 300 million at full capacity would be substantial for a powder production line. Capacity has continued to expand over the past two years as domestically produced titanium powder replaces imports in 3D printing. This segment may face temporary overcapacity over the next year or two and merits continued monitoring.
Sources: Nanzhao County People's Government website; Securities Times.
AI-translated from an article by Kuaixiong on Nanjixiong, originally published on 2026-10-30. Text and images retain the original source attribution. Read the original Chinese article
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