The Jiangyan district of Taizhou city – located in East China's Jiangsu province – is implementing innovative measures to promote the commercialization of scientific and technological achievements and drive economic growth.
Manufacturer Taizhou Wangxin Refractory Co Ltd, has invested in technology research and development, resulting in over 100 patents and the successful introduction of energy-saving technology for intermediate packages.
A wide view of Jiangyan district in Taizhou city. [Photo/www.ourjiangsu.com]
The achievement could well bring about substantial cost reductions and energy-saving opportunities for the metallurgical industry.
The company has already signed supply agreements with large-scale steel mills in Beijing and Shanghai and expects significant sales revenue and tax inflows in 2023.
Overall, the local government has introduced policies to incentivize technological achievements, including financial grants and bonuses for enterprise technology transformation and special fund projects.
The incentives are said to have really boosted the confidence of local enterprises, leading to increased investment.
Another company, Jiangsu Weili New Energy Materials Co Ltd, focuses on the recycling and repair of lithium iron phosphate battery cathode materials.
With significant technical advantages and a projected market worth millions of dollars, the company anticipates a successful future.
The district government is actively disseminating and implementing policies to benefit business – including talent recruitment activities and support for expanding and strengthening enterprises.