According to the latest news from Zhitong Finance APP, Sinomach Precision Industry Group (002046.SZ) announced that the company plans to invest in the industrialization project of superhard material tools. The implementing entity is Sinomach Diamond (Henan) Co., Ltd. (“Sinomach Diamond”), a holding subsidiary in which the company holds a 67% stake. This planned investment involves the establishment of a production line for superhard material tools, with products including MCD tools, CVD tools, PCD tools, and PCBN tools. The project has a production capacity of 0.043 million pieces (0.023 million new tools and 0.02 million repaired tools), 0.033 million pieces, 0.085 million pieces, and 329,000 pieces respectively, totaling an annual production capacity of 0.49 million pieces. The total investment for the project is 73.6 million yuan.

The announcement states that superhard material tools, as one of the four major products in the structural application Business Sector of Sinomach Diamond, are a key link in the full Industry Chain layout. The company's development of the superhard material tools Business will help achieve a complementary role in the Industry Chain. The implementation of this project will enhance the industrial layout of Sinomach Diamond and increase new profit growth points.