Zhonghai ( Haicheng ) Magnesium Alloys Limited is a Sino - foreign joint venture which invested by Hong Kong Zhonghai Magnesium Alloys Limited ( part of China's magnesium industry group ) and Beijing Zhonghai Xingwang Trading Company. The company is located in Haicheng Economic Development Zone, Liaoning Province. The factory covers an area of 70, 000 square meters. The first phase of the project is invested with a total investment of 30 million US dollars. The Company rely on the advantages of Zhonghai Magnesium Industry Group, and cooperates with Shenyang Metal Institute, application of the International most advanced process technology, the use of advanced technology and equipment to produce the parts for car, light industry, railways, construction and IT industries in areas such as high-technology products. Popularization and application of the company products to a large extent breaking technology monopoly in Western countries, filling the domestic blank, reflecting the upgrading of China's manufacturing industry of magnesium alloy and technological progress.

Magnesium Alloy Company is a leading enterprise in Zhonghai Magnesium Industry Group, within the respective mining, metal and magnesium smelting and research and development center and other units. The company through the integration of resources and the improvement of management efficiency, efforts to form a complete functions, and processes supporting large companies that complement each other within the group. In the future, the group plans to use the local advantage of adequate resources, to invest 1.5 billion US dollar, building with an annual capacity of 200, 000 tons of magnesium and magnesium Alloy series product line.

For increasing product innovation and meet the needs of market development, technical cooperation in the planning process and Shenyang Institute of Metals, in Haicheng establishment of a new national research and development of magnesium alloy base and Application of Magnesium Products Center. The company plans through 3-5 year's efforts, in Haicheng City Investment Products deep processing of magnesium metal construction, metal series such as magnesium smelting and metal mineral mining industry, and gradually form and processes supporting high-value - added products industry chain, internal complement each other, so that enterprises producing and selling resulting in a strong advantage through - train Corporation model of the schema.