Views: 4 Author: Site Editor Publish Time: 2019-12-23 Origin: Site
Jiangsu Nantong municipal government recently signed strategic cooperation agreement with Hengli Group. Hengli Group will invest another 30 billion Yuan to build Hengli (Nantong) Textile New Material Industrial Park Phase III project.
Hengli Group invested the construction of Hengli (Nantong) Textile New Material Industrial Park by 2 phases since September 2009 in Tongzhou, covering 20.1 billion Yuan of investment value, achieving near 3.5 billion Yuan of taxable sales, providing more than 5000 jobs and cumulatively contributing near 1 billion Yuan of tax. Hengli Group intended to use the rest area of the earlier scheduled space to further invest and build the Phase III project, with total investment at around 30 billion Yuan, and aimed to create international advanced textile new material base integrated with high-end manufacture, scientific and technological R&D and production service. After the Phase III completed, the taxable sales is expected to score at 30 billion Yuan annually.