The construction on a smart home appliance industrial park is progressing well in the Hailing Industrial Park of Taizhou, East China's Jiangsu province.
The interior decoration work for this project is nearing an end, and more equipment is lining up for installation. All phase one work will be finished in October.
With an investment of about 2.5 billion yuan ($350.57 million), the project will be built in two phases and is expected to grow into an industrial cluster that features new generation information technology and headquarters economy.
The project's first phase includes a 1.2-billion-yuan investment into 14 new factories, office buildings, research and development centers, and supporting facilities, stated Wang Zhibing, the project manager.
At present, 12 of them have been roofed and construction will start on the 15 phase two buildings in August, said Wang. He also added that a group of high-quality projects will settle in the new park in October.
Huang Liang, Party chief of the Hailing Industrial Park said that investment projects involving prefabricated production and manufacturing of core parts for smart home appliances will be prioritized to support its local leading smart home appliance company.
As more research and development centers and electronic product manufacturers settle in the new park, the Hailing Industrial Park will make progress in strengthening, consolidating, and extending its industrial chains. It will also further speed up its industrial transformation and upgrading work.