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The pace is brisk in the workshop of Jiangsu Sieyuan Hertz Instrument Transformer Co Ltd, in the Rugao Economic and Technological Development Zone. [Photo/WeChat account: RGETDZ]

Jiangsu Sieyuan Hertz Instrument Transformer Co Ltd, a resident of the Rugao Economic and Technological Development Zone – located in Rugao, a county level city of Nantong in East China's Jiangsu province – is continuing to increase its science and technology innovation capabilities, according to zone officials.

They said that since the overall resumption of work and production from the COVID-19 pandemic, the company has been adhering to market-oriented development and is continuing to expand overseas.

General manager Ye Qilin said that in the face of the challenging economic situation in the first half of the year, Sieyuan Hertz had made research and development of new products its  priority.

Ye said it had vigorously developed foreign trade, while leveraging the domestic market through scientific and technological innovation.

"We are planning to increase our investment in Rugao," Ye added.

Jiangsu Sieyuan Hertz Instrument Transformer Co Ltd was founded in 2004 by Sieyuan Electric Co Ltd and Hong Kong Hertz Investment Co Ltd, with an investment of 100 million yuan ($14.72 million).

In 2019, the company reported revenue of 533.45 million yuan, with year-on-year growth of 16.34 percent.