Hailing Industrial Park in Taizhou, Jiangsu province, is experiencing a remarkable upswing in industrial activity, with a wave of additional investments sweeping across its industrial landscape.
Several key players, including Suneast New Energy Technology, Xingxing Electronic, and Jiangsu Maibona Transmission Technology, have commenced their second-phase construction projects, signaling a robust commitment to expansion and growth.
Xingxing Electronic (Taizhou) is leveraging its existing infrastructure to invest in a new project focused on integrated circuit control boards for refrigerators. This move is expected to generate an additional annual sales revenue of 300 million yuan ($43.92 million), significantly enhancing the company's core competitiveness.
Meanwhile, Jiangsu Maibona Transmission Technology, a high-tech enterprise, is investing over 200 million yuan in a technical renovation project for key components of automotive four-wheel-drive systems. Upon completion, the project will enable the annual production of 3 million sets of high-quality flanges, marking a substantial leap forward in the company's manufacturing capabilities.
These second-phase investments underscore Hailing Industrial Park's unwavering focus on high-quality development, positioning the region as a prime destination for industrial expansion and innovation.