In 2024, Xiangyindu Chemical Industrial Park in Yongxing County of Chenzhou City was approved as a D-level chemical industrial park. This honor helps the park attract over 30 enterprises to settle in.

It's now a green, intelligent, professional and modern chemical park.
Hunan Xinhang Technology Company has achieved the complete recycling of valuable metals such as cobalt, nickel and lithium from waste lithium battery cathode materials. Its products are widely used in key fields such as power batteries and energy storage batteries.
After put into production, it will be the core supplier of positive electrode materials for new energy batteries.
After it settled in Xiangyindu Chemical Industrial Park in 2022, the company has invested 2.33 billion yuan on a land of 300 mu (20 hectares). At present, all factories have been completed according to plan, and the main production equipment has also been installed.
It is expected to complete trial production in April this year, and after production, it is expected to create more than 50 million yuan in tax revenue.
Li Hua, sales director of the company, said, “What we value is the geographical location and complete infrastructure of Xiangyindu Chemical Industrial Park, as well as the industrial agglomeration benefits we need. It took over one year from settling in to trial production.”
To accelerate the development of industrial clusters, Xiangyindu Chemical Industrial Park actively innovated and built an industrial agglomeration platform, and opened up new opportunities for cooperation between the park and enterprises.
The Yongxing Base of Hailea Group, Hunan Yinhai New Material Technology Co., Ltd., which was put into operation on January 21 this year, is another achievement in the industrial development of the park.
The company’s conductive powder and supporting silver nitrate project covers an area of 98.2 mu (6.55 hectares), with a total investment of 790 million yuan.
With an investment of 150 million yuan, the first phase of the project built a 1,000t/a silver nitrate production line within 8-odd months. After it is put into production, the annual output value will hit about 5 million yuan and it can provide job opportunities for 80 people.
Wang Xianping, office director of Yinhai New Material Technology, said, “Xiangyindu Chemical Industry Park has a scientific plan and a reasonable development orientation. Especially, we can make full use of Yongxing’s silver resource to seek development without worries for the entire industrial chain with downstream and upstream enterprises in the park.”
In 2024, Xiangyindu Chemical Industry Park achieved a total industrial output value of 276 million yuan, and completed fixed investment projects worth 3.6 billion yuan. It is striving to achieve a new industrial output value of over 1 billion in 2025.
Kuang Junjie, executive deputy director of Xiangyindu Chemical Industrial Park Office, said, “We will make efforts to promote the development of the park, strive to achieve an annual output value of 26 billion yuan in the fine chemical industry by 2027, and build two or three one-billion-yuan enterprises, as well as a number of 100-million-yuan leading enterprises.”
Chinese source: voc.com.cn