Nanyang Vanadium Industry Co., Ltd. was established in 2005, mainly producing vanadium nitride products. The company is located in Zhenping Industrial Park, Nanyang City, covering an area of 175 mu, 30 kilometers away from downtown Nanyang, and close to National Highway 207, 3 12. The registered capital of the company is12 million yuan, and the actual investment has reached 85 million yuan. All living and office facilities such as staff quarters, restaurants and office buildings have been completed, and the main production equipment has been installed. According to the installation progress, the ignition will be put into trial operation at the end of this month.

The project of Nanyang Handing Vanadium Industry Co., Ltd. with an annual output of 3,000 tons of vanadium nitride has been approved by Henan Environmental Protection Bureau, put on record by Henan Development and Reform Commission, and officially listed in the list of major industrial construction projects in Henan Province, which is also one of the key construction projects in Nanyang in 2006.

Vanadium nitride is a kind of steel additive, which has the advantages of convenient addition and high recovery rate, and can effectively reduce the production cost of steelmaking. Microalloying with vanadium nitride to produce steel can replace low-strength carbon steel and reduce steel consumption. Because of its high strength and toughness, vanadium nitride is widely used in oil and gas pipelines, large river-crossing highways and railway bridges, shipbuilding, automobiles, construction machinery, atmospheric corrosion-resistant containers, high-rise steel structures and so on.

The vanadium nitride production project of Nanyang Handing Vanadium Industry Co., Ltd. is a high-tech enterprise with intensive resources, technology and capital.