The improved business environment in Taixing, Jiangsu province, has helped attract a raft of high-quality foreign-funded projects, with Apical Oleochemicals (Taixing) being among them.
Apical Oleochemicals (Taixing) is an important layout of Singapore's Royal Golden Eagle (RGE) Group in the palm oil industry chain in China. It only took 18 months from project registration to production, creating a remarkable Taixing speed.
The company's modern production base, with an investment of 3 billion yuan ($418.39 million) has been included in the seventh batch of landmark major foreign investment projects in China.
The production base of Apical Oleochemicals (Taixing). [Photo/WeChat account: txfabu]
"The policies introduced by Taixing have satisfied the needs of our company. The streamlined approval process and practical services have provided a solid guarantee for the rapid completion and production of the project," said Gu Lixin, general manager of the company.
The first phase project of Apical Oleochemicals (Taixing) was put into operation in June 2023, with products opening up the Chinese market with good development momentum. The second phase project, which was put into operation in June last year, focuses on high value-added products, extending the company's industrial chain towards high-end development.
"RGE Group plans to establish its headquarters and R&D center in Taixing and step up investment," added Gu.
The smart management center of Apical Oleochemicals (Taixing). [Photo/WeChat account: txfabu]