The Taizhou Port Economic Development Zone – located in the Taizhou Medical High Tech Zone, in Taizhou city in East China's Jiangsu province – is moving to create a much higher quality business ecosystem for local manufacturers.
Recently, officials from the Taizhou Medical High Tech Zone and the Taizhou Port EDZ visited high-tech manufacturer Jiangsu Saca Precision Technology Co Ltd, to learn about its production, operations and needs.
They also guided the company on various relevant policies that affected it, in order to help spur its growth.
A factory operated by Jiangsu Saca Precision Technology Co Ltd swings into action. [Photo/WeChat account: gh_1ff53eb21f0a]
The company said it was confident about its performance in the first quarter, with the value of output in the first two months projected to hit 19 million yuan ($2.74 million).
What's more, the dividends from provincial and municipal preferential policies for the company have translated into more funds for independent R&D, as well as it becoming much more competitive in overseas markets, said a company spokesperson.
It is estimated that the group's sales will top 250 million yuan in 2023.
In the current year, 30 projects in the zone will complete their intelligent and digital transformation, following a total investment of 700 million yuan.