Released on August 2, 2010

Haoxin Group, Weifang, Shandong, China, has begun operation of a new 50,000-ton engine cylinder block and head casting production line, according to a press release issued by the China Foundry Association.

The company announced the opening of the additional capacity during a ceremony at its metalcasting facility on May 31. The project is a joint-venture between Haoxin, Foton Auto and the government of Changyi city.

According to the China Foundry Association release, the first phase of the project cost $29 million, and Haoxin anticipates $73.5 million in sales income to be generated by the line.

Haoxin primarily produces components for vehicles, engines and agriculture equipment. It maintains overseas customers in the U.S., Italy, Germany, Holland and Sweden.