On December 2, 2020, the capital increase project of Zhejiang TONGMING High-End Stainless Steel Fastener Digital Factory was officially signed. This project will be settled in Jiaxing Economic Development Zone.

In order to enhance digital transformation development and expand production capacity, TONGMING plans to implement the digital factory project for high-end stainless steel fasteners, with a total investment of no less than 350 million yuan. It is expected to invest high-end environmental protection intelligent equipment in the newly purchased land, and introduce advanced intelligent digital systems such as APS, WMS, MES, etc. At the same time, it will also enhance the intelligent logistics capacity of automatic warehousing, and upgrade the online sales platform. Through capital increase and expansion, TONGMING is further transforming into a digital and intelligent modern factory. After reaching the production capacity, the annual capacity of stainless steel fasteners will be increased by 40,000 tons. Annual output value will be increased by about 1 billion yuan, and annual tax revenue will be increased by about 28 million yuan. Meanwhile, government of Jiaxing Economic and Technological Development Zone will provide excellent service to ensure early landing, early completion and early commissioning of the project.

Zhejiang TONGMING Stainless Steel Products Co., Ltd. is specialized in producing stainless steel fasteners and wires with a history of more than 30 years. It owns the brand of "the / Tong". TONGMING fastener is widely used in curtain wall, high-speed rail, communication, new energy, shipbuilding and other key industries as well as major projects at home and abroad.