To date, ten major projects have been approved and
confirmed, with total investment of 12
billion yuan
CHANGZHOU, China, Feb. 25, 2017 /PRNewswire/ -- Changzhou High-Tech
Park in Changzhou, China on the
21st of February approved and confirmed ten major
projects for set up in the park, among them, the Automotive
Electronics and Lighting R&D Centre and Headlights Production
Centre Collaboration Facility, as well as a manufacturing facility
for Del Huadong, with an investment in the aggregate amounting to
12 billion yuan.
The ten projects, five of which are domestic in origin and call
for an investment of 10.5 billion
yuan, and five of which are being invested in by foreign
companies with a combined USD 225
million in funding, include the Automotive Electronics and
Lighting R&D Centre and Headlights Production Centre
Collaboration Facility, a manufacturing plant for Del Huadong, a
production plant for Xinquan Autoparts, a smart production facility
for Five Axis CNC, the ThyssenKrupp Presta Fawer Partnership
Project, a production plant for S-Oil lubricating oils, a facility
for the making of health teas, the Hoerbiger Capital
Synchronisation Project, a project in three phases to set up a
camshaft manufacturing plant for ThyssenKrupp and a facility to
produce automotive cable for Jingxin Automobile Fittings.
Changzhou Municipal Party committee secretary Fei Gaoyun said,
2017 will be 'a great year of development projects for the city'.
The municipal park committee and the municipal government look
forward to the park leveraging the availability of favourable
resources and a favourable environment and continuing to make the
break-throughs that have assisted in transforming the city's
economy. These efforts have served as a model for similar parks and
industry clusters in terms of improvements across the industrial
process, leading to enhanced efficiency. He also said that he
expects the park will roll out quality improvements that serve to
optimise the industrial structure, and, in doing so, become a model
that can be followed by industries in other parts of the country,
whether such changes are implemented at the city or provincial
level, or even nationwide. Such improvements in industrial
structure are likely to not only to drive capital investment, but
also to refine the targeting of the investments, so that investment
sources are well correlated to investment targets.
Member of the Changzhou Municipal Standing Committee and
secretary of the Changzhou High-Tech Park Party Work Committee Zhou
Bin explained, "In 2017, Changzhou High-Tech Park plans to focus on
driving forward high-quality projects focused on the middle to
high-end supply chain, and remaining at the vanguard of science and
technology". The park's aim is to bring in two projects where the
investment exceeds 10 billion yuan or
USD 1 billion, three projects with
investment above 5 billion yuan or
USD 500 million, seven projects
valued at over 3 billion yuan or
USD 300 million, along with several
smaller yet significant projects requiring at least one billion yuan or USD
100 million.
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visit:http://www.prnewswire.com/news-releases/changzhou-high-tech-park-in-china-targets-large-scale-projects-that-promote-transformation-across-the-production-chain-300413583.html
SOURCE The Public Promotion Department of Changzhou Xinbei
District Commission of CCP