Taixing in Jiangsu province continues to push a group of enterprises to sprint towards their goals with full enthusiasm, injecting strong momentum into the city's economic growth.
In the current year, there are 67 growth point enterprises in the city, including 59 existing enterprises and eight incremental ones, with their expected net sales increase exceeding 50 million yuan ($7.38 million) each for the whole year.
In the first quarter, the 67 growth points in the city achieved cumulative invoiced sales of 19.54 billion yuan, up 8.7 percent year-on-year.
The production workshop of Jiangsu Tianyouxingyuan Hydraulic Technology. [Photo/WeChat account: txfabu]
In the Taixing High-tech Zone, the high-precision hydraulic multi way valve and high-end hydraulic cylinder intelligent project, operated by Jiangsu Tianyouxingyuan Hydraulic Technology, was completed last year. At present, a batch of the company's high-end hydraulic cylinder products is about to be delivered.
"This year, we strive to exceed 100 million yuan in annual sales revenue," said Xiao Jianjun, deputy general manager of the company. He added that plans are for the company to increase research and development investment, advance intelligent transformation, and upgrade production equipment and processes in the next step.
Taixing Shengtai Aluminum Manufacturing. [Photo/WeChat account: txfabu]
Taixing Shengtai Aluminum Manufacturing, located in Yaowang sub-district, specializes in the research and development of aluminum profiles for power grids. Its products have gained market recognition for their excellent quality and stable supply capability.
"We are seizing the opportunity of power grid infrastructure development this year, constantly optimizing production processes, expanding production capacity, and expanding global market channels, striving to achieve the annual sales target of 200 million yuan," said Chen Jian, general manager of the company.