On the afternoon of 22 December of 2021, Mr. Hao Zhao, Sales Director and Ms. Daphne Zhang, Consultant & Senior Product Manager of Asian Metal, visited Shaanxi Tianyu Magnesium Group Co., Ltd. and were warmly greeted by the company. Daphne Zhang and Hao Zhao held in-depth discussion with Mr. Genyong Chen, the General Manager of the company, regarding the current challenge and crisis for magnesium industry. Mr. Chen stated that nearly 90% of local magnesium producers use round iron furnace as the equipment, which features with sufficient gas output and relatively small volume of semi-coke, to supply gas for magnesium production. However, once such equipment could not meet the standards of safety, environmental protection, and energy-saving, the supply to global magnesium supply will face great challenge. Once the production capacity policy on coal, namely 100,000t for single furnace and 1,000,000t for one plant, is implemented, the magnesium industry in Fugu will face survival challenges.
Shaanxi Tianyu Magnesium Industry Group Co., Ltd. is a recycling economy enterprise that takes semi coke production as the basic industry, magnesium ingot and magnesium alloy production as the leading industry, and is involved in metallurgy and chemical industry, logistics development, e-commerce, hotel management and other industries. Currently, the company’s wholly-owned production has completed projects including: an annual output of 50,000t of magnesium ingot production line; an annual output of 10,000t of magnesium alloy production line; an annual output of 1.2 million tons of coal washing production line; an annual output of 1.2 million tons of blue charcoal production line; A production line of 50 million non-burning bricks; a production line with an annual output of 18,000 reduction tanks and more than 1,500 registered employees.
As a years-long partner of Asian Metal, Tianyu has been referring to market information and prices provided by Asian Metal. Mr. Genyong Chen thought highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal, planning to be a sponsor for the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.
