Juli New Materials Technology (Rizhao) Co., Ltd. was established in 2018. The company is located in the Economic and Technological Development Zone of Rizhao City, east of Suzhou Road, south of Macau Road, west of Zhanjiang Road, and north of Shantou Road (in Xishan Qiancun, Kuishan South). The company's "Annual Production of 300000 Tons of High end Welding Materials Manufacturing Project" has an investment of 1.1 billion yuan and covers an area of 192.5 acres, including production workshops, office buildings, research and development centers, staff dormitories, canteens and other supporting facilities of about 120000 square meters. There are more than 360 sets of production equipment, which will solve employment problems for more than 600 people after the project is completed. After the project is completed, it can achieve an annual output value of 2.1 billion yuan and profits and taxes of 168 million yuan. Juli Rizhao Company is invested and constructed by Shandong Juli Welding Materials Co., Ltd., which is one of the top three specialized companies in the same industry nationwide