In December 2025, the 200,000-ton new material industrialization and R&D base construction project of Zhejiang Lianzheng New Materials Co., Ltd. completed the main construction and entered the final stage of equipment installation and commissioning, with official commissioning expected in January 2026. Jointly built by 5 enterprises in Lin’an’s cable industry and Far East Holding Group, the project has a total investment of 1 billion yuan and covers an area of 78.3 mu. Its core products are environmentally friendly composite new materials for cables, among which extra-high voltage (EHV) insulation materials realize “import substitution and industrial chain strengthening”, which will alleviate the domestic reliance on imported high-end cable materials.

The project has introduced 11 internationally advanced production lines from Switzerland, Germany and other countries, and will build a digital factory upon completion. 60% of the products will supply the Yangtze River Delta cable industry cluster, and 40% will be exported to Southeast Asia, North America and Europe. Meanwhile, the enterprise will establish a cable new materials research institute focusing on high-end material R&D. After full production, the project is expected to achieve an annual sales volume of over 3 billion yuan, providing core support for the upstream material upgrading of the cable industry chain.