Jinshun Technology Co Ltd – a leading Chinese fiberglass products maker – recently celebrated its opening as the latest addition to the entrepreneurship and innovation demonstration base in the Taizhou Port Economic Development Zone.
The opening ceremony for the fiberglass manufacturer gets underway. [Photo/WeChat account: gh_1ff53eb21f0a]
The Taizhou Port EDZ is located in the Taizhou Medical High Tech Zone in Taizhou city, in East China's Jiangsu province.
The company is building a manufacturing plant there and the first phase involves an outlay of 115 million yuan ($16.01 million), with the group leasing over 20,000 square meters of factory space. Anticipating a revenue of 250 million yuan by the end of 2024, the company also expects to contribute over 5 million yuan in annual taxes.
Company Chairman Xue Gang told the opening ceremony that Jinshun Technology had strategically embraced the wave of technological revolution and industrial transformation in the fiberglass industry over the past decade.
He added that the company's commitment to intelligent transformation and digitalization had also positioned it as a leading provider of intelligent manufacturing system solutions in China.
This had resulted in solid partnerships with major State-owned enterprises like China Jushi Co Ltd, Taishan Fiberglass Inc and Shandong Fiberglass Group Co Ltd.
The move to the Taizhou Port EDZ is said to mark a fresh beginning for Jinshun's development and is expected to help spark growth in the region's high-end equipment manufacturing industry.
The zone, in turn, has pledged to enhance its business environment – offering precise and efficient services to support Jinshun Technology and other enterprises in achieving high-quality development.