Hasen Technology (Nantong) Co Ltd, a subsidiary of Indicor Group, opened its manufacturing facility in the Nantong National High-Tech Industrial Development Zone (NHIZ) on Dec 5.

The opening ceremony of Hasen Technology (Nantong) Co Ltd is held in NHIZ on Dec 5. [Photo/WeChat account: ntgjgxq]

Doug Wright, chief executive officer of Indicor Group, expressed gratitude for the teamwork and dedication shown by the NHIZ team. He emphasized the group’s commitment to supporting China’s cold chain industry, adding that it greatly values its partnership with the zone and will do its utmost to contribute to local economic growth.

In October 2023, Hasen Technology began evaluating locations for its manufacturing base in China. After assessing 38 industrial parks across 12 cities in three provinces and conducting multiple site visits, the company chose NHIZ as the ideal location.

As a global leader in designing and manufacturing valves and control systems for large industrial refrigeration systems, Hasen Technology has already started production and shipping operations at its Nantong base.

Moving forward, the company plans to increase its investment and production capacity, with a goal of manufacturing 200,000 valves annually and reaching an output value of $40 million.