on the morning of november 30, 2021, the foundation laying ceremony of ferrotec group china headquarters and hanhong phase ii construction project was grandly held in shanghai baoshan high tech industrial park. the leading guests attending the foundation laying ceremony include zhu yi, deputy director of shanghai municipal commission of commerce, jiang wei, second level inspector of shanghai municipal commission of economy and information technology, zhai lei, deputy director of baoshan district, shanghai, liu huibin, director of baoshan high tech industrial park, he xianhan, representative president of japan magnetic technology holding co., ltd. and chairman of ferrotec (china) board of directors, japan magnetic technology holding co., ltd. has implemented the ban on military service and kimi daiko, chen lihua, chairman of jiangsu jinhuayu construction co., ltd., bao youwei, general manager of hangzhou dahe thermomagnetic electronics co., ltd., sun dafang, general manager of shanghai shenhe thermomagnetic electronics co., ltd., and li chengyuan, deputy general manager of shanghai hanhong precision machinery co., ltd.
relevant principals of baoshan district government office, district development and reform commission, district economic commission, district science and technology commission, district commerce commission, district construction and management commission, district planning and assets supervision bureau, district investment promotion office and baoshan high tech industrial park; representatives of the project construction party, employees of the company and friends from finance, insurance and news media attended the foundation laying ceremony.
ferrotec holdings corporation is a listed group company headquartered in japan. the company is a multinational group company committed to providing global customers with advanced materials, components, systems and product solutions. since entering china in 1992, ferrotec has continuously increased its investment in china. based on magnetic fluid technology and magnetic fluid sealing technology, ferrotec is engaged in the r & d of semiconductor silicon wafers, thermoelectric semiconductor refrigeration materials and devices, semiconductor quartz products, precision ceramic products, semiconductor vacuum transmission devices, large cavities, solar power generation materials, electron beam evaporation coating machines and other products manufacturing and sales of products in many fields such as electronics, semiconductors, machining, solar power generation, automobiles / new energy vehicles, household appliances and medical devices.
at present, ferrotec group has developed into a large technology intensive, capital intensive and innovative enterprise group with 11 production bases, more than 30 subsidiaries, total assets of more than 18 billion yuan, annual revenue of more than 10 billion yuan and nearly 10000 employees in china.
shanghai shenhe thermomagnetic electronics co., ltd. is one of the subsidiaries invested by ferrotec group in china. it was established in may 1995. after years of deep development, its business covers five fields: semiconductor silicon wafer, power semiconductor carrier plate, precision regeneration and cleaning, new energy materials and thermoelectric materials. among them, the market share of power semiconductor carrier business ranks first in china and second in the world; the market share of precision regeneration cleaning business also ranks first in china. shanghai hanhong precision machinery co., ltd., shanghai zhongxin wafer semiconductor technology co., ltd., shanghai fuluohua semiconductor technology co., ltd., shanghai fuluode intelligent technology development co., ltd. and other high-tech enterprises have been established in shanghai baoshan high tech industrial park.
at present, shanghai shenhe thermomagnetic electronics co., ltd. is going through relevant procedures and will be changed to "shanghai shenhe investment co., ltd." to become the china headquarters of ferrotec group. ferrotec china headquarters will integrate all resources and businesses of ferrotec in the chinese market, expand its functions to investment management, financial management, marketing management, supply chain, audit and supervision, technology r & d, production operation, talent training, etc. within the group, manage and serve all subsidiaries in china, vigorously expand the chinese market and strive to become china's semiconductor materials leading enterprise and technology leader in equipment and related application fields. it will also be conducive for ferrotec group to deeply cultivate the chinese market, deepen the cooperative relationship with customers' strategic partners, and make lasting contributions to the development of china's semiconductor industry and related application industries.
the phase ii construction project of shanghai hanhong precision machinery co., ltd. will provide manufacturing space for silicon carbide crystal growth and cutting, grinding and polishing equipment, vehicle mounted semiconductor polishing chip expansion and newly introduced temperature sensor projects. the project of silicon carbide crystal growth, cutting, grinding and polishing equipment with an investment of 500 million yuan will produce 300 sets of silicon carbide crystal growth devices and 70 sets of silicon carbide cutting, grinding and polishing equipment per year, which can realize the breakthrough of self-sufficiency of silicon carbide crystal growth devices and cutting, grinding and polishing equipment in china, reduce the serious dependence of silicon carbide wafer production equipment on foreign countries, and become "made in china 2025" make due contributions to the implementation of.
the vehicle mounted semiconductor polishing wafer expansion project will invest 350 million yuan to increase the annual production capacity of 2.4 million 6-inch silicon wafers and improve the company's production scale of high-quality power devices, especially vehicle mounted semiconductor silicon wafers. after the completion of the project, it will become the largest small-diameter semiconductor wafer manufacturer in china and a strong link in china's semiconductor industry chain.
the temperature sensor project is jointly invested by daquan production institute, a japanese listed company, and ferrotec group with 500 million yuan to produce temperature sensors.
china is one of the regions with high growth of ferrotec group's global performance. ferrotec group has used its core technology and team to deeply cultivate the chinese market for 30 years and witnessed the fastest growth period of china's development all the way. ferrotec china, like many chinese enterprises, has also been brought into a new field and an unprecedented height under the environment of global economic integration. the open investment policy and excellent business environment provided by shanghai for enterprises have always been the primary reason why many multinational companies choose to settle here and set up headquarters. the establishment of china headquarters in shanghai further demonstrates ferrotec group's confidence and determination to take root in china and serve china.