As a key pillar of Jiangyan's "1+4" industrial cluster, Jiangyan district's auto parts sector is undergoing rapid transformation and upgrading.
Taizhou Xinyu Precision Manufacture, located in the Jiangyan Economic Development Zone, has seized opportunities from the district's push to modernize the casting industry by introducing new equipment and revamping production lines.
A piece of production equipment belonging to Taizhou Xinyu Precision Manufacture. [Photo/WeChat account: jyrmzf]
According to Wang Jian, the company’s general manager, workers' efficiency has surged by around 400 percent, while the defect rate has dropped from 4-5 percent to just 0.5 percent. Now a top supplier of leading automakers, Xinyu Precision has seen a steady stream of orders and annual sales growth of about 15 percent in recent years, reaching 490 million yuan ($67.23 million) last year.
Such success stories underscore Jiangyan's continuous economic growth.The district's gross regional product in 2024 is projected to reach 93 billion yuan, with industrial sales hitting 92 billion yuan.