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China's Ningbo to Construct Materials Industrialization Base

19 January 2001

Ningbo City in East Chinas Zhejiang Province will construct a State-class new materials industrialization base, with the approval of the Ministry of Science and Technology. New materials play an important role in the city's high tech industry, and the annual output value of the sector is nine billion yuan, accounting for 30 per cent of the total output value of high tech industry in the city. A number of competitive new materials products with high technical contents have been developed, they include neodymium-iron-boron permanent magnetic materials, superfine powder metallurgical materials, high-strength molded fiber materials, nanometer compound materials and new-type engineering materials. Ningbo will continue studying the development strategy for new materials industrialization base and give priority to industrialization of magnetic materials, high polymer materials, nanometer materials, and new energy materials in near future.