A slew of high-quality projects in Jiangyan Equipment Park are making swift progress, getting the new year off to a strong start.
Jiangsu Wuxing Heavy Industry Technology, a company specializing in pressure pipeline components for the petrochemical industry, has secured intended orders worth over 20 million yuan ($2.86 million) even before starting production. Twenty percent of the equipment has already been installed in its new production workshops.
Once production starts in March, the company's annual sales are expected to hit 500 million yuan, with a target of 1 billion yuan within three years.
Jiangsu Xingfulong Technology Group recently saw its factory building top out. To enhance manufacturing processes and boost production efficiency, it will introduce digital and intelligent technologies.
The building will begin operating in March, with an anticipated production capacity exceeding 100 million yuan. Around 60 percent of production is expected to be intelligent.
From January to November last year, the park signed 14 projects each worth over 100 million yuan, including one 1-billion-yuan project. Seven projects valued at over 100 million yuan each started construction, reaching a 100-percent completion rate, with one 1.5-billion-yuan project among them. Six projects with an investment of over 100 million yuan each were completed.
The park's sales were estimated to reach 9.6 billion yuan by the end of 2025, up 16 percent year-on-year.
An aerial view of Jiangyan Equipment Park. [Photo/WeChat account: jyrmzf]