Zhenhai investment hits a record high
- Details
- Category: Ningbo District
- Published: Tuesday, 18 September 2012 10:17
According to statistics by Zhenhai Development and Reform Bureau, industrial investment of Zhenhai reaches 5.596 billion RMB yuan from this January to August, up by 68.6% above the same period of last year, marking a new record in Zhenhai industrial investment.
The driving forces of the high investment are the startups of 58 new projects. Since the second half of last year, affected by retarded global economic recovery, Zhenhai economy suffers accordingly. To deal with this problem, Zhenhai District pays more attention on attracting investment and gives full support to large projects so as to drive economic development. Up to now, investment of Heyuan chemical engineering project, Jiangning chemical engineering project and Zhetiedafeng chemical engineering project amounts to 2.876 billion RMB yuan, accounting for 56.6 percent of the total investment.
At the meantime, technological transformation and renovation of Zhenhai local companies are vigorously advancing, which not only makes contribution to industrial investment, but also promotes the transformation of the pattern of economic development. For example, 110 million RMB yuan investment had been completed for the technological renovation project of Ningbo Xinfu chemical engineering Co., Ltd., a project of resource comprehensive utilization production line whose annual turnover of sulfuric acid production from sulfur-burning amounts to 600,000 tons. This project makes use of international advanced technology—American sulfuric acid production from sulfur-burning at a lower operating temperature, yielding more than 1 billion RMB yuan incremental income. Ningbo Alps Electronic Co. Ltd completed an investment of 85 million RMB yuan in the production line technological transformation of electronic products, and it is estimated that there will be 200 million RMB yuan incremental income annually after the transformation, with the profit and tax hitting 70 million RMB yuan. Statistics show, of the planned total investment of 5.758 billion RMB yuan in 113 technological transformation projects, 1.744 billion RMB yuan investment has completed, up by 24.3% over the same period of last year. Among all the 113 technological transformation projects, 52 projects have been listed as key projects with the total investment adds up to 1.16 billion RMB yuan. It is estimated that there will be 3.5 billion RMB yuan incremental income annually with the profit and tax hitting 300 million RMB yuan.
