A 1-billion-yuan ($152.7 million) project to produce laser intelligent whole-set equipment was signed to settle in the Nantong Gangzha Economic Development Zone, or GZEDZ, by Shenzhen Dapeng Laser Technology Co Ltd on Nov 18.

Dapeng is a national high-tech enterprise engaged in the research and development (R&D), manufacturing, sales and after-sales services of laser equipment. With more than 20 branches and offices throughout the country, it owns four major production bases in Shenzhen, Dongguan, Suzhou and Wenzhou.

Its market share of laser marking equipment products has held the leading position in the industry for many years.

Dapeng will build a domestic headquarter base for R&D and manufacturing in GZEDZ. The base will produce more than 20,000 sets of intelligent laser equipment annually, generating sales volume of 1 billion yuan.

Taking intelligent equipment manufacturing as the core, Dapeng Laser's Nantong project will further accelerate the formation of a leading industry cluster in the GZEDZ and enhance the scientific and technological level of regional industries.

In addition, it will deepen industry cooperation between Chongchuan district and Shenzhen.