Metal Group Co., Ltd. was established in 1997, located in Jinhua City, Zhejiang Province. The company adheres to the business philosophy of "integrity, technology innovation, and advancing with the times", and has formed a diversified group of companies integrating magnesium alloy smelting, hardware manufacturing and international trade in the fiercely competitive domestic and international markets. After more than two decades of development, the company's total assets reached more than 3 billion yuan.

In order to comply with the national carbon peak, carbon neutral development goals, the company carries out industrial upgrading, to carry out the research and development of new materials, new energy products production. Carbon fiber, basalt fiber and glass fiber and other green environmental protection materials are included in the future industrial development direction. The company will concentrate all financial resources to invest in building fiber industry.

The company will establish research institute and professor research point in Beijing, integrate social resources, gather scholars, experts, engineers and technicians from Chinese Academy of Sciences, Tsinghua University, Southeast University and other institutions of higher learning, scientific research institutions, excellent enterprises to jointly carry out research and development and application of carbon fiber, basalt fiber and glass fiber production technology and application technology, to build an excellent enterprise specializing in fiber industry.