Anhui Jugong Technology Co Ltd and the Hefei National High-tech Industry Development Zone – located in Hefei, capital of East China's Anhui province – held a signing ceremony on Jan 9 for the group's planned next-generation liquid rocket engine headquarters to be based there.

Officials sign documents during the signing ceremony. [Photo/WeChat ID: hefeigaoxinfabu]

The company makes advanced liquid rocket engines. Its founding team has gathered top people in the field – with over 20 years of engine research and development experience – so it can get the optimal results in the commercial aerospace sector.

The company plans to invest 500 million yuan ($69 million) in the headquarters. It's expected to generate a cumulative output value of over 2 billion yuan ($270 million) in five years after the project is put into production.

Since Anhui province's aerospace information industry outlined its layout in 2021, the Hefei high-tech zone has attracted over 110 aerospace information industry chain businesses – as well as 11 research institutes and innovation platforms.

These cover areas such as remote sensing payload developments, satellite remote sensing data processing, satellite communications protocol designs and drones. Moreover, it's successfully attracted 43 key projects with a total investment of 28.6 billion yuan ($3.9 billion).

Looking forwards, plans are for the Hefei high-tech zone to foster the entire industry ecosystem, promoting the accelerated integrated development of the industry supply chain.