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Industrial output value of Hangzhou Bay New Zone rises by 17%

For the first three quarters of 2016, the industrial output value of the Hangzhou Bay New Zone stands at 94 billion yuan, up by 17% over the same period of last year. Among others, the six leading advanced manufacturing industries, including automobile and high-end equipment manufacturing, achieved a total output value of 62.26 billion yuan, up by 20.1%, accounting for 78,9% of the total by the large-scale industry.

The automobile industry maintained a strong developing trend. To be specific, the Ningbo Branch of Shanghai Volkswagen achieved an output value of 29.44 billion yuan, up by 16%. And the Hangzhou Bay Base of the Geely Auto achieved an output value of 5.89 billion yuan, up by 32%.

The "internet +" strategy has helped to promote the smart manufacturing, improving both quality and quantity. At the engine factory of the Geely Auto, the technicians can have access to the production, sales, repair and problems of every engine through the APP platform for real-time monitoring and management. With this system, the qualified rate of engines has risen to 99.9%. In the first three quarters this year, the factory produced four times as many engines as in the same period of last year.

Innovation has led the traditional manufacturing to a high-end level. Recently, the Fotile Group has been included in the list of the Top 500 Manufacturing Enterprises in China, becoming one of the leading enterprises in the kitchen appliance industry. In recent years, the group has promoted the machinery manufacturing and has invested no less than 5% of its annual sales volume in research and development. In the first three quarters, the group achieved a total sales volume of 5.254 billion yuan, up by 26%.

The traditional manufacturing has been expanding new markets. Besides cooperation with the Unilever for the business management and brand improvement of the water purifiers, the Qinyuan Group has also made efforts to develop such new businesses as special water treatment. In the first three quarters, the Water Treatment Technology Co. Ltd. of the Qinyuan Group achieved an output value of 695 million yuan, down by 25.5% over the same period of last year, while the profit rose by 136%. So far, the group has obtained 412 technology patents, including 65 invention patents and 169 practical patents.

The introduction and construction of a group of advanced manufacturing projects have brought about new impetus for the development of the new zone. Since the beginning of this year, the new zone has focused on the 53 major projects, including the expansion of the Ningbo base of Shanghai Volkswagen and the Shuangcheng Medicine project, in the hope of completing a total investment of over 16.4 billion yuan. By September, 43 industrial projects in such fields as auto, general aviation, new materials, health and financial services have been introduced to the new zone, with the investment reaching 21.25 billion yuan

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