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On April 8th, the Nantong Tongzhou Bay Demonstration Zone held the 2020 Spring Investment Promotion Conference locally. Wang Chenquan, Chairman of Hong Kong Xinzhi Technology Group, stated at the meeting that Xinzhi Technology will build a Nantong base in the Tongzhou Bay Demonstration Zone, vigorously expand international and domestic business, and actively respond to the construction of new seaports in Jiangsu.
Xinzhi Technology is a leading enterprise in China's high-end life protection equipment, bulletproof vests, and labor protection equipment. Wang Chenquan said that the company's investment in the Xinzhi Technology Nantong Base project in the Tongzhou Bay Demonstration Zone is his third large-scale production base established in China after Xinzhi Technology's Shenzhen factory and Kunshan factory, which he himself started in South Korea.
The project covers an area of approximately 280 acres, with plans to increase capital and expand production, acquire Nantong Jutu New Material Technology Co., Ltd. and Nantong Xiangpan Industrial Co., Ltd. as a whole, and deepen cooperation with Royal Dutch DSM Group to build a new factory area of about 170000 square meters and a supporting living area of 32000 square meters in Xinchang. 70 new high-end life protection equipment, bulletproof vests, and labor protection equipment production lines will be added, with no less than 500 employees, to create important life protection equipment and cutting prevention in China Production base for anti-collision and high-temperature labor protection equipment. The products are mainly sold to countries and regions such as the United States and Europe. After full production, a monthly production and sales scale of no less than 10 million US dollars can be formed.
Wang Chenquan said that those who come to invest in Tongzhou Bay are the people of Xintongzhou Bay, and Xinzhi Technology has officially become one of the many enterprises in the Tongzhou Bay Demonstration Zone. With the completion and operation of Xinzhi Technology's Nantong base, Xinzhi Technology Group will gradually relocate its production bases in Shenzhen and Kunshan, vigorously expand international and domestic business, actively respond to the construction of Jiangsu's new seaports, and make due contributions to the global expansion of the Tongzhou Bay Demonstration Zone.
On that day, 28 projects in the Tongzhou Bay Demonstration Zone were signed with a total investment of nearly 30 billion yuan. The theme of the investment promotion conference for the Tongzhou Bay Demonstration Zone is "Integration of Hong Kong and Industry, Pursuing Dreams in Tongzhou Bay as a Demonstration Tide". It focuses on promoting regional advantages, industrial positioning, development trends, and business environment, aiming to showcase the good spirit of Tongzhou Bay cadres and employees in chasing the tide and striving for success, attract more domestic and foreign entrepreneurs and investors to focus on Tongzhou Bay, and ignite a new wave of development and construction in Tongzhou Bay.