High-tech company to make vanes for jet engines

Jun 14, 2017

Fengxian-based Shanghai Wedge Precision Casting Co Ltd with engineers hired through the city's Thousand Talent Program began to build production facilities in the district in late May.

The company will invest 500 million yuan (US$74 million) in seven factories on a 6.5-hectare plot to produce 100,000 die-cast vanes a year for aircraft turbines.

"Factory construction is set to complete in October and production will start two months after. The company will have an estimated sales value of 690 million yuan a year and yield at least 60 million yuan in tax," said Lu Min, chief researcher at Wedge.

Lu founded the company in 2015 with Wedge, a Shenzhen-listed firm, after studying and working abroad for over 10 years. He is an expert in high-temperature alloy casting, a crucial technology for aircraft engine manufacturing.

Wedge turned to high-end manufacturing in 2013 and recruited many skilled professionals through the Thousand Talent Program. Their jet engine project is the first special project included in China's 13th Five-Year Plan (2016-2020).

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