The Taixing High-tech Zone, located in Taixing city, Jiangsu province, is ramping up its efforts to advance the progress of new projects.
At the construction site of manufacturer Jiangsu Tianyou Xingyuan Hydraulic Technology, its new high-precision hydraulic multi-way valve and high-end hydraulic cylinder intelligent production plant has entered the fast pace of the build.
Its number 1, 2 and 4 production workshops have passed their completion acceptance and are about to enter the equipment installation and commissioning stage.
When finished, the plant is expected to produce 120,000 precision engineering hydraulic multi-way valves and 300,000 sets of high-precision hydraulic cylinders annually, which will add an annual output value of 580 million yuan ($80.76 million).
Equipment whirs into action at a plant in the Taixing High-tech Zone. [Photo/WeChat account: txfabu]
While promoting the construction of new projects, the zone also focuses on promoting the technological transformation of enterprises and jointly builds high-level innovation platforms with national level associations.
In the first four months, the zone signed up nine new projects worth over 100 million yuan each, as well as two projects worth over 1 billion yuan each.
Plans are for the zone to assist projects in breaking through bottlenecks, solving difficult problems and improving efficiency, and provide all-round service guarantees for accelerating the construction of key projects, said Ren Jianglei, director of the zone's investment project service center.