On February 5, 2015, the groundbreaking ceremony of the Hanbang Huzhou Industrial Park project was held in Donglin Town, Wuxing District. Wang Yubiao, Chairman of Hanbang Group, and the main employees attended the ceremony. Leaders of Huzhou City, Ma Yi and Chen Weijun, leaders of Wuxing District, Cai Xuchang, Wu Zhiyong, and Pan Yongfeng attended the groundbreaking ceremony. Municipal Party Secretary Ma Yi announced the start of the project. Wang Yubiao, chairman of Hanbang Group, delivered a speech as a representative of the company.

Since the project was launched in 2014, it has undergone many consultations and communication in the early stage. The smooth start of the project is a phased achievement of the long-term mutual trust between Hanbang Group and the Huzhou government. The project is expected to achieve an annual production capacity of 500 sets (sets) of new straight wire drawing machines and 100 sets of related production line equipment. Hanbang hopes to use 5 to 10 years to build Huzhou Industrial Park into the world’s largest professional intelligent equipment manufacturing base for the metal products industry, contribute to the goal of “industrial power, science and technology” in Huzhou, and accelerate the promotion of Han State-of-the-art brand building process.