Yaowang sub-district of Taixing city, located in East China's Jiangsu province, is maintaining great momentum in attracting investment and project developments.
It performed well in Taixing's 100-day investment promotion competition this year, completing its signing goal ahead of schedule.
Construction of a mixing reducer plant operated by manufacturer Jiangsu Hengjian Drive Equipment is advancing. Costing 108 million yuan ($15.14 million), the project was signed during last year's 100-day investment promotions competition and broke ground in April.
With its increased investment efforts, Yaowang sub-district has presided over more and more projects settling in its industrial agglomeration zone.
With a total investment of 50 million yuan, an intelligent stage production plant operated by Taizhou Zhaoyuan Electromechanical Technology is under construction. It will mainly produce stage and off-stage machinery, as well as stage screen control systems.
With the goal of attracting a group of projects with large investment scale, high technological content, high added value and a strong driving force, Yaowang sub-district signed up two projects worth over 10 million yuan each during the period, including one project worth over 50 million yuan, exceeding the target that was set by the city.
What's more, the sub-district is projected to sign 12 projects worth over 10 million yuan each throughout the year.
An artist's rendering of the new intelligent stage production plant to be run by Taizhou Zhaoyuan Electromechanical Technology. [Photo/WeChat account: txfabu]