The launching ceremony of the rare refractory metal sheet strip material project of West Metal Material Co., Ltd was held in Jingwei Industrial Park in Xi'an ETDZ on May 8 . It is a key project in industrial restructuring approved by the National Development and Reform Commission and a fund raising and investment project by Western Metal Material. With a total investment of 550 million Yuan, the project is expected to produce 10 thousand tons of titanium and titanium alloy plates and 5000 tons of composite plates per year , realizing an annual value of production of  3 billion Yuan ,thus alleviating the shortage of wide rare metal plates on domestic market and the condition of mainly depending on import . 

As a high and new technological enterprise held by Northwest Non-ferrous Metal Academy , Western Metal Material has become a leading enterprise in new material industry which is a pillar industry of the ETDZ .  The company was listed on Shenzhen Stock Exchange last year ,becoming the first high and new technological company that transformed from a scientific researching institute listed on the Small and Medium-sized Enterprise Board of Shenzhen Stock Exchange in Shanxi  Province and even northwest China. The project took in advanced experience of rare refractory metal sheet strip material production technology and that of iron and steel sheet strip material production and unshared in world leading production equipment ,featuring scientific project planning，low pollution and energy consumption , advanced technology and high product precision , it will cover meet 95% of market demand of wide plates . 

As one of the four leading industries of the zone, new material has attracted many big names into the ETDZ , industrial concentration has been primarily formed .  Major enterprises include Western Titanium , the largest seamless titanium tube producer in Asia ; Western Metal , the second largest metal fiber production base and the second largest rare metal laminated metal  composite material production base in the world ; Western Supraconduction , the only superconducting material R&D base in China which boasts world leading technologies and Baoti Valtimet Vailnox whose welded tube will take a monopoly position in  generating station , nuclear power station and other high tech field . Meanwhile Haimeite and BP Purui New Energy etc. are all invested by Fortune 500 companies.  The project will become an important component of the strategy of building enterprises of over tens of billions Yuan by Northwest None-ferrous Academy and the goal of building an advanced manufacturing base of over 100 billion Yuan by Xi'an ETDZ . It will also serve as a driving force for the scale and cluster development of new material industry in the zone.