This year, Taizhou Port Economic Development Zone has been actively advancing industrial development, aiming to build a 50-billion-yuan ($6.91 billion) industrial hub and enhance its core competitiveness and regional influence.
An aerial view of Taizhou Port EDZ. [Photo/WeChat account: gh_1ff53eb21f0a]
In 2025, the zone plans to sign 50 projects with an investment of over 100 million yuan each, including 20 projects exceeding 500 million yuan each. Additionally, 25 projects in the 100-million-to-500-million-yuan range and 8 projects over 500 million yuan each are set to break ground. In comparison, 19 projects between 100 million and 500 million yuan each and 6 projects over 500 million yuan each are scheduled for completion.
The zone also aims to implement at least 16 industrial upgrading projects exceeding 100 million yuan each and increase the number of industrial enterprises above designated size to over 120.
Local businesses are experiencing rapid growth. Senci Group, a major enterprise in the zone, has orders booked through May, with products exported to Russia, Southeast Asia, the Middle East, and South America. Compared to last year's period, order volume has increased by approximately 15 percent, and first-quarter sales growth is expected to reach 20 percent.
The zone's business-friendly environment continues to attract new investments. Taizhou Deyao Auto Parts Co recently commenced construction on a 500-million-yuan project for automotive hub units. The facility is expected to be completed by early June, with equipment installation and testing to follow. Production is slated to begin in October, with an anticipated annual output value of around 400 million yuan.