The vice president and general manager of the group's research and development gave a detailed report to the city leaders on the company's situation and the progress of the titanium sponge project. The total investment of the 30,000 tons/year rotor-grade titanium sponge project is 1.8 billion yuan, which will be constructed in two phases, of which, the first phase will invest 1 billion yuan, and the annual production of 15,000 tons of rotor-grade sponge titanium technology upgrading project; the second phase will invest 800 million yuan To build a new project with an annual output of 15,000 tons of rotor grade sponge titanium. It is planned to form an annual production capacity of 30,000 tons of rotor-grade sponge titanium by 2023. After the project is put into production, it is estimated that the new output value will be 1.5 billion yuan, the profit will be about 400 million yuan, and the total tax will be about 100 million yuan. At present, based on the successful production of the first batch of titanium sponge, the company will conduct strict product evaluation on the first batch of products at the production technology level, make adaptive adjustments to the production technology and process in time, and strictly implement the project team’s Process control standards ensure that the advanced technology introduced can be used efficiently, and strive to produce rotor-grade sponge titanium as soon as possible, and achieve production up to the standard.