A wave of reinvestment is sweeping through the Taizhou Port Economic Development Zone – located in Taizhou city, in East China's Jiangsu province – with major companies embarking on ambitious second and third-phase expansion projects.
This second-phase phenomenon is said to highlight the unwavering confidence of entrepreneurs in the zone's business environment.
Leading the charge is Toko Food (Jiangsu) Co Ltd, investing 804 million yuan ($110.87 million) in a new freeze-drying plant with AI robotics. The company says it aims to become Asia's top "dream factory" for culinary products through a partnership with Jiangnan University.
Susa Food Co Ltd is another success story, having set production speed records with its first production phase. Its chairman, Liu Baoxing, cited the zone's favorable conditions in deciding to build an 800 million yuan second-phase coconut juice plant.
Workers oversee the production line at Susa Food Co Ltd's state-of-the-art coconut juice plant. [Photo/Taizhou Port Economic Development Zone via WeChat account: gh_1ff53eb21f0a]
Other major names, like Jiangsu Xinghui Precision Technology Co Ltd, are also forging ahead with multi-phase expansions, providing a powerful boost to the zone's economic growth.
Officials view the second wave as a vote of confidence from businesses deeply rooted in the development zone. With leading enterprises reinvesting heavily, the zone is said to be positioning itself as a hub for innovation and sustainable industrial development.