German-based Heraeus opens world’s most advanced Precious Metals factory in China
SHANGHAI (Scrap Register): Heraeus Precious Metals Technology, a Chinese subsidiary of German Technology Group Heraeus, has opened the world’s most advanced precious metals factory in the Nanjing Jiangbei New Material Science and Technology Park, China.
Heraeus precious metals factory in Nanjing is expected to capitalize of China’s rising demand for platinum group metals. China is the world's largest consumer of platinum group metals, accounting for around 30 percent of global demand, according to the World Platinum Investment Council. One of the main uses of platinum group metals is in catalytic converters to cut vehicle emissions.
The $120 million factory covers an area of 84,000 square meters and has over 200 highly qualified employees. With 70% automated production processes, the Nanjing factory integrates precious metals recycling and new precious metals materials production and is committed to becoming a smart factory that implements Industry 4.0, providing value-added products with low energy consumption and emissions.
The Nanjing factory has combined the advanced technologies and processes as used in several sites in Germany, South Africa and China, as well as digital and automated process technologies to make production highly efficient and optimal.