This year, companies in the Taizhou Port Economic Development Zone have witnessed significant growth, continuously expanding production to meet increasing customer demands.
This year, the zone is expected to achieve 34.8 billion yuan ($4.89 billion) in industrial output among industries above designated size, with sales projected to reach 35 billion yuan and industrial investment amounting to 7.5 billion yuan.
Jiangsu Pengling Rubber Hose stands out as a key player in producing automotive sealing strips and oil pipes. This year, the company invested over 6 million yuan to establish a new production line, boosting its monthly production capacity from 10,000 to 30,000 units. This expansion positions the company well to meet its sales target of 50 million yuan for the year.
A plant of Jiangsu Pengling Rubber Hose. [Photo/WeChat account: gh_1ff53eb21f0a]
Taizhou Hongteng Technology, another notable example, is an automotive parts supplier that has recently experienced a surge in orders, fueled by the strong growth of domestic new energy vehicles. In response, the company has added three new production lines, with sales in 2024 expected to exceed 62 million yuan, marking a steady year-on-year growth of approximately 10 percent.