Leading companies get in the zone for major growth

(China Daily) Updated: 2017-03-07

Companies in the Weifang Hi-Tech Industrial Development Zone are taking a range of measures to boost growth in the Year of the Rooster.

Weichai Power, which is involved in the research, development, manufacturing and sale of diesel engines, set its sights on becoming one of China's leading high-end diesel engine developers and producers when the company celebrated its 70th anniversary in 2016.

The company's decision-makers said that they will focus on enhancing quality, developing core technologies and pursuing sustainability to ensure that the business continues to develop.

Weichai's agricultural equipment manufacturing and heavy-load engine production divisions reported strong sales volume growth in the first two months of 2017, thanks to China's upgraded emission regulations. More than 10,000 units of agricultural machines were ordered for January, said the company.

The company expects to produce 480,000 engine units in 2017 and plans to complete 180,000 units within the first 100 days of the year.

The industrial output of Weichai reached 20.83 billion yuan ($3.02 billion) in 2016, an increase of 61.6 percent from 2015, according to the company.

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A technician with Shengrui Transmission, an important company in the Weifang Hi-Tech Industrial Development Zone, assembles an 8-gear auto transmission at the company. PHOTOS PROVIDED TO CHINA DAILY

Huadian Weifang, a power and heat supplier in Weifang, has pledged to develop an advanced production system in response to the local government's plans for improving and upgrading living conditions and services. The company said that, as of the end of February, its production system had the capacity to supply an area of 12 million square meters within Weifang.

Huadian plans to keep increasing its supply capacity from the current level.

"We will provide heat for an area of 46 million sq m by the end of 2020," said Zhang Aijun, deputy director of Huadian's Environment Protection Center .

The optoelectronics industry, another of the zone's pillar sectors, also reported a significant increase in demand over the past two months.

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