Foundations laid for new industrial parks in Nantong
The foundation laying ceremony for two new industrial parks is held in Sutong Science and Technology Park in Nantong, in East China’s Jiangsu province, on July 30. [Photo/ntfabu.com]
A foundation laying ceremony for two new industrial parks was held in Sutong Science and Technology Park in Nantong, East China’s Jiangsu province, on July 30.
The GLP I-Park is being co-founded by Suzhou Xinjianuyuan Industrial Development Company and GLP, a leading global investment manager specializing in logistics and related technology investments. It covers an area of about 21 hectares, with the total investment of $80 million.
The other park -- named China-Singapore (Nantong) Intelligent Manufacturing Industrial Park --covers about 22 hectares with registered capital of 500 million yuan ($72.65 million).
On completion, the parks aim to attract high-end industries, including automobile parts, robots, sensors, 3D printing and autonomous equipment.
It is expected that the parks will help upgrade the industry mix of Sutong Park and promote environmentally-friendly and intelligent development in the area.