The groundbreaking ceremony of a warehouse and logistics project takes place in Jingjiang ETDZ. [Photo/Jiangsu State Farms Group]
Construction of two major grain and oil projects has recently commenced in Jingjiang Economic and Technological Development Zone, Taizhou, providing strong support for the city's grain and oil industrial cluster.
One of the projects is the warehouse and logistics project jointly developed by COFCO Trading, Jiangsu State Farms Group, and Jiangsu Huajing Asset Management, boasting a total investment of approximately 2.47 billion yuan ($343.91 million).
Upon completion, the handling capacity of COFCO Trading's Jingjiang wharf will exceed 13 million metric tons, making it a highly automated and large-scale grain wharf in the Yangtze River's estuary area and an important transit hub for China's grain logistics.
Another project is the wheat processing project invested by COFCO Grains and Cereals, which has a total investment of $150 million, injecting more vitality into the high-quality development of the city's grain and oil industry.
In recent years, Jingjiang ETDZ has continuously optimized and integrated its wharves and assets along the Yangtze River and collaborated with leading central and State-owned enterprises to pursue high-quality development in the grain and oil industry.
Moving forward, the development zone will expand its traditional advantages in the grain and oil industry, establishing itself as a significant modern logistics and production base for grain and oil in Jiangsu and even the Yangtze River Delta region.