of October 16, a foundation laying ceremony was held for the commencement of major projects in Luntai County, Bayingolin Mongol Autonomous Prefecture, Xinjiang in the fourth quarter and the commencement of the project of Xinjiang Jinghui New Materials Co., Ltd. with an annual output of 2 × 100000 tons of high-purity polysilicon (Phase I).
It is reported that there are 11 key projects in Luntai County, covering petroleum equipment, real estate, agriculture and other fields, with both economic and social benefits. Among them, Xinjiang Jinghui's annual output of 2 × 100000 tons of high-purity polysilicon (Phase I) project , with a total investment of 7.6 billion yuan , is planned to be completed and put into operation by the end of 2024. After the project is put into operation, it is expected to achieve an annual industrial output value of about 8 billion yuan and create more than 1000 new jobs.