The premises of Jiangsu Zhenqiang Technology in Hai'an, Nantong. [Photo/Zhenqiang Technology]

Two manufacturing projects recently broke ground in Hai'an, Nantong, Jiangsu province.

One of them is the functional film project funded by Hai'an Hochi Technology, with a total investment of 200 million yuan ($27.45 million). The project will introduce internationally advanced fully automated composite coating production lines. Once completed and operational, it is expected to generate over 300 million yuan in additional annual taxable sales.

As a company specializing in the research, production, and sales of functional films, Hochi Technology has built a business portfolio centered on automotive films while also expanding into architectural films, explosion-proof films, and specialized protective film solutions. Its products are widely used by well-known automotive brands such as BYD and Volkswagen, holding the leading market share in its segment.

The heavy mining machinery intelligent manufacturing expansion project developed by Jiangsu Zhenqiang Technology has a total investment of 500 million yuan. The project will be carried out in two phases. Once the first phase is completed, it will have an annual production capacity of 120 sets of heavy mining machinery, with an expected increase in sales revenue of 200 million yuan.