Tongxiang sees stable growth in industrial output value in Q1
The output value of industries above designated size in Tongxiang, a county-level city administered by Jiaxing, Zhejiang province, totaled 56.04 billion yuan ($8.26 billion) in the first quarter of 2022, an increase of 22 percent year-on-year, according to local media reports.
To promote the reopening of the economy, more than 90 percent of 1,304 industrial enterprises above designated size in the city have resumed operations.
Workers at Zhejiang Hezhong New Energy Vehicles Co Ltd have been ramping up efforts to complete the pandemic-induced backlog of orders. In the first quarter, the company’s order delivery volume reached 30,152 units, a year-on-year growth of 305 percent, said the head of the company’s human resources department.
Wuzhen Big Data High-tech Industrial Park has accelerated construction on its lithium battery encapsulation safety module project. After the project is put into operation, it is expected to achieve an average daily production capacity of 600,000 sets of lithium battery encapsulation structures, with an output value of more than 1.5 billion yuan.
An employee of Zhejiang Double Arrow Rubber Co Ltd operates a machine to transfer materials. [Photo/zj.zjol.com.cn]
To improve production efficiency, Zhejiang Double Arrow Rubber Co Ltd has promoted digital transformation. In recent years, the company has carried out three technological transformation projects, and its annual output value has increased by 450 million yuan.