The industrial economy of Taixing city, located in East China's Jiangsu province, experienced a strong rebound in the first half of the year and it's expected to ramp up for an equally positive performance in the latter half.
One prime example is Apical Oleochemicals (Taixing), where the daily production of its oleic acid in the Phase II workshop has recently exceeded 100 metric tons per production line.
Since the start of the year, the company's net increase in invoicing has exceeded 1.2 billion yuan ($167.69 million).
Elsewhere, Jiangsu Yangzi Xinfu Shipbuilding has maintained a monthly delivery schedule of one ship of the same series this year.
In all, the shipyard generated sales of over 5 billion yuan in H1, representing a year-on-year increase of nearly 16 percent.
Seven ships were delivered by the company in the six months, an increase of three ships compared with the same period last year and seven more ships are expected to be delivered in second half.
As a competitive enterprise specializing in the production of high-end mechanical equipment, Jiangsu Hongda Special Steel Machinery Plant is said to hold a leading position in both domestic and international markets in the field of complete equipment for pellets production.
In the second quarter, the company generated revenue of 210 million yuan, up 18.4 percent year-on-year.
Ships move from the Jiangsu Yangzi Xinfu Shipbuilding yard. [Photo/WeChat account: txfabu]