On February 8, the Superhard Material Industrial Base of Xi’an Jingwei Mining Tools Co., Ltd. (JINGWEI) was officially included among more than ten key projects launched during the first-quarter major project commencement ceremony of the Xi’an High-Tech Zone. The launch marks another step forward in strengthening the zone’s industrial capabilities and advancing its “Strengthened High-Tech Zone” development initiative.
As the project investor, JINGWEI operates China’s only fully integrated production line for polycrystalline diamond compact (PDC) mining tools and is a leading enterprise in the domestic coal mining and geological drilling sectors. JINGWEIhas played a key role in advancing PDC drill bit technology in China. The Superhard Material Industrial Base is located north of Weisan 32nd Road and east of Jingsan 38th Road within the High-Tech Zone, covering an area of approximately 37 mu, with a total investment of RMB 220 million.
The project will include the construction of PDC manufacturing workshops, a national testing and inspection center, and a comprehensive office facility. Four new production lines will be added for the manufacturing of diamond drill bits, diamond cutting picks, and diamond cutting tools. The products will serve applications across oil and gas drilling, coal mining, geological exploration, and engineering construction. Upon completion, the project is expected to generate an annual output value of approximately RMB 400 million and create around 460 jobs.
Entering the new year with renewed momentum, the Xi’an High-Tech Zone continues to advance its industrial development strategy. In 2022, the zone planned a total of 163 “Strengthened High-Tech Zone” projects, including 102 projects under construction with a combined investment of RMB 189.6 billion and an annual planned investment of RMB 64 billion. In addition, 21 projects were in the preliminary stage with a total investment of RMB 208 billion, and 40 reserve projects were identified with a total investment of RMB 226.3 billion. These initiatives span key sectors such as electronic information, automotive, intelligent manufacturing, and new materials.
