Hailing park projects obtain certificates in just seven days

A ceremony was held on Oct 27 in Hailing Industrial Park – located in the Hailing district of Taizhou city, in East China's Jiangsu province – to celebrate that it took only seven days for two new projects to obtain five certificates allowing them to start construction.

The approval of the five certificates, including the land real estate ownership certificate and the engineering planning permit, was done in record time in Hailing district.

The two projects will be operated by Dongcheng Fengda Machinery Co and Qinghua Machinery Co, respectively.

They obtained the land and real estate through a judicial auction on May 8.

A special service team was established by the park to assist the two projects in handling procedures.

Dongcheng Fengda Machinery Co's project will now buy intelligent CNC machine tools, pressure punches, CNC cutting machines and other equipment to produce vertical axis breeze wind turbines.

With a total investment of 1 billion yuan ($137.40 million), the project is expected to generate invoiced sales of 1.5 billion yuan annually and pay a tax of 50 million yuan.

Qinghua Machinery Co's project will utilize 1 billion yuan in funding to produce petroleum drilling and production machines. Once complete, it’s expected to generate 1.2 billion yuan in invoiced sales annually.

A ceremony is held for the issuance of the certificates for the two projects. [Photo/WeChat account: gh_4df9b5f9b40b]