CMAG (Jiaxing) Aeronautic Material Project started its project of manufacturing annually 80,000 cubic meters composites and aeronautic aluminum products in Xiuzhou industrial park.

The project was invested by Argosy International Inc, and officially signed in the industry park as ‘Zero Land Business’ project in May, 2010. Due to land limitation, the project was first carried out in the standard factory of Armor China. The first phase with 20 million capital investments began on March 23, covering a total area of 26666.27 m² and floor area of 25673.34 m², achieving the primary production and process of NOMAX honeycomb materials and aeronautic aluminum products. The first phase will be finished in November, and will go into operation at the end of this year. The annual sales revenue will reach USD60 million. The second with 40 million capital investments will cover an area of 110 mu, meanwhile achieving an overall production of NOMAX honeycomb and aluminum honeycomb parts, as well as aeronautic aluminum CNC process. The sales revenue will reach USD200 million.