In 2021, Hongji acquired Jiangsu Hyundai Special Steel Co., Ltd and established Yancheng factory in Jiangsu Province. The factory is located at No. 80 Xiangjiang Road, Tinghu District, Yancheng City, Jiangsu Province, covering an area of 53334 574082 square feet, with a total construction area of 284016 square feet. Yancheng factory is leading provider of cold heading steel wire in China market. Its main products are CHQ wire for auto parts, with an annual output of 60,000 tons. It provides 4-36mm cold heading raw materials for many well-known auto parts manufacturers in China, mainly used in the production of auto bolts, nuts, ball studs and bearings. With its high quality, it has won the long-term trust and support of many customers.