10 manufacturing enterprises put into operation in Taizhou Bay New Area
chinadaily.com.cn | Updated: 2020-09-02
Print PrintA total of 10 manufacturing enterprises are put into operation in Taizhou Bay New Area on Sept 2. [Photo/taizhou.com.cn]
A total of 10 manufacturing enterprises were put into operation in Taizhou Bay New Area on Sept 2, according to local media reports.
The enterprises focus on such sectors as new energy vehicles, new materials, high-end equipment and fashion furniture. They have a combined investment of about 2.34 billion yuan ($339.13 million) and occupy an area of 733.8 mu (48.92 hectares) in total. Their output value is expected to reach 4.33 billion yuan after reaching designed capacity.
The manufacturing plant funded by LIMA Vehicle Co Ltd will have an annual capacity of one million e-bikes.
With an investment of 220 million yuan, Taizhou Jinyu Electromechanical Co Ltd's production base will be able to manufacture two million sets of highly efficient new energy motors, with a total output value of roughly 400 million yuan.
The factory established by Zhejiang Senchuan Furniture Co Ltd, will be able to produce four million sets of plastic and leisure furniture.
Taizhou Bay New Area, officially inaugurated in Taizhou on Aug 20, is the sixth provincial new area in Zhejiang, following Hangzhou Qiantang New Area, Ningbo Qianwan New Area, Shaoxing Binhai New Area, Huzhou Southern Taihu Lake New Area, and Jinhua Jinyi New Area.
The area is designed to be a hub for emerging strategic industries and for significant innovation in southeast Zhejiang, which will effectively support the high-quality development of Taizhou.
With a total area of 138.46 square kilometers, the newly established area consists of four sections located in Taizhou Bay Circular Economy Industrial Accumulation Area, Taizhou High-tech Industrial Park, Binhai Industrial Area, and Jiaojiang district.