On August 9, 2023, the opening ceremony of the joint laboratory of Hebei Xinyu Welding Co., Ltd. and HBIS Group Shisteel (Shijiazhuang Iron and Steel Co., Ltd.) was held in Xinyu Company. Jin Qiusheng, chairman of Xinyu Company, and Huang Yongjian, chairman of Shigang Company, jointly unveiled the opening ceremony. The two sides will deepen cooperation and resource sharing in the research and development of new welding wire products, and jointly build an international brand of high-quality welding wire.