The modern logistics industry is an important driving force in the Hongqiao Industrial Park. [Photo/WeChat account:txfabu]
A combined signing ceremony for four industrial projects took place in the Hongqiao Industrial Park in Taixing city – administered by Taizhou in East China's Jiangsu province on Oct 20.
With a combined investment of about 1.8 billion yuan ($246.18 million), the four projects will be settled in the park, highly compatible with the two leading industries in the park – intelligent equipment and automotive components industries.
They include a project for mechanical semiconductors and single crystal furnace equipment worth 520 million yuan, a mechanical intelligent mining machinery equipment and wind power gear production project worth 518 million yuan, an industrial project centering on intelligent cycling parking and charging equipment, industrial Ai robots, high-speed rail wheelset detection equipment, as well as an intelligent automotive parts project worth 210 million yuan.
In recent years, the park has strived to develop a "3+1" featured industrial system, which involves marine engineering, intelligent equipment, automotive components, and modern logistics industries.