A workshop belonging to Nantong Tianyang Photovoltaic Materials Technology in Rudong county, Nantong. [Photo/Nantong Daily]

Rudong county, Nantong, has been prioritizing investment attraction and project development as its top strategy for high-quality growth since the beginning of this year. In the first half of 2024, Rudong hosted 50 investment promotion events at home and abroad, resulting in the registration of 51 new projects, each with an investment of over 500 million yuan ($70.08 million) or $30 million. The county also reported an actual use of foreign capital amounting to $102 million.

Currently, Rudong is focusing on nine key industrial sectors, including new materials, new energy, biomedicine, and high-end equipment. A group of enterprises along these industrial chains has been introduced to the county.

Rudong has built up strength in the photovoltaic (PV) sector, with an installed PV capacity of 1.2 million kilowatts. In its Yangkou Port Economic Development Zone, Nantong Tianyang Photovoltaic Materials Technology, which began operations in June, is now producing 10 million square meters of PV cell encapsulation film per month. The company has achieved sales of 80 million yuan in the past two months alone.

"Rudong is not only our production base but also our sales market. With stable production in the first phase, local officials are now assisting us with the procedures for the second phase, which is expected to begin construction in the second half of the year," said Yang Tianfeng, director of human resources and administration at the company.