$4.4b worth of projects to launch in Qidong
A project invested by Weihua Group for port equipment production breaks ground in Qidong. [Photo/WeChat account: qdrmt0513]
A single ground breaking ceremony for a series of major projects was held at the Lyusi Port Economic Development Zone on Feb 16. The projects will take place during the first quarter of 2022 in Qidong, a county-level city administered by Nantong city in East China's Jiangsu province.
Thirty-eight projects will start work in Q1 with a total investment of 28.14 billion yuan ($4.4 billion). These projects cover industries such as heavy equipment, modern logistics, energy storage and shipping, cereal and oil food, and agricultural products processing.
Li Ling, Party secretary of Qidong, delivered a keynote speech at the ceremony in which she stated that Qidong will accelerate building itself into a window of the Shanghai-Jiangsu integrated development, implementing the 66 measures raised by Nantong to improve business environment.
The high-end intelligent port equipment manufacturing project invested by Weihua Group broke ground at the site on the same day.
Founded in 1988, Weihua Group is a leading crane manufacturer based in Central China's Henan province. Its main products include lift, port, mining, and construction machinery.
Han Hong'an, president of Weihua Group, said that they chose to invest in Qidong for its intimate and considerate services, as well as the city's favorable conditions.