This year, Taizhou Huali New Materials, a company based in the Jiangyan district, made an additional investment of $60 million in its production base in Thailand. This brings the total investment in the Thailand project to $128 million, marking the first time a Jiangyan enterprise has exceeded $100 million in overseas investment.
A plant of Taizhou Huali New Materials. [Photo/WeChat account: jyrmzf]
Once operational, the project is expected to boost the export value of the company's domestic operations by more than $40 million annually. This is poised to significantly enhance the enterprise's influence and competitiveness in international markets.
Founded in 2002, Taizhou Huali New Materials specializes in producing various types of flooring, with 90 percent of its products exported to North America and Europe.
In recent years, to support enterprises in expanding into overseas markets, Jiangyan district has actively assisted companies by organizing participation in online and offline training sessions, as well as trade fairs and expos. These efforts help enterprises better understand foreign investment policies and regulations, facilitating operations in overseas markets.