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In January 2013, subject to approval by the State Administration for Industry and Commerce, China Magnesium Industry Co., Ltd. founded as a large-scale high-tech enterprise which is engaged in deep processing, research, development, production, and sales of magnesium alloy wide plate strip, profile, magnesium smelting & refining, magnesium alloy deep processing equipment, and magnesium application technology research and development. The magnesium alloy industrial park invested by China Magnesium Industry Co., Ltd., covers an area of 3000 mu, is divided into three periods which planned to accomplish within 5 years, projects include magnesium equipment, magnesium alloy plate and strip, profile, die casting parts, casting parts and forging parts, we aim at building the magnesium alloy deep processing industry cluster. After all projects put into production, magnesium alloy industrial park will become the largest magnesium alloy deep processing base, and largest magnesium equipment base, not only in China, but also all around the world.