A leading company landed in Nanhai to fill industrial gaps
Foshan China 2021-07-02 09:26

On June 30, Nanhai District Government signed with CIMC Tianda Holdings Co., Ltd for introducing a headquarter base project in Guangdong-Hong Kong-Macao Greater Bay Area. With the total investment of about 5 billion yuan, the project, once put into production, is expected to bring an annual output value of over 3 billion yuan. Importantly, its settlement marks a major breakthrough in the investment attraction of equipment manufacturing industry in Nanhai and fills in the gaps in airport facilities and fire truck industries.


As is known to all, manufacturing industry serves as the foundation of Foshan’s economy. As one of the leading cities in the equipment manufacturing industry on the west bank of the Pearl River, Foshan shows an enormous market of airport facilities especially when a new Foshan airport is under construction. Besides, more resources will be allocated to high-end manufacturing projects that promise to bring demonstration effect.  


Reportedly, it is another high-end industrial project introduced from Shenzhen after the project of Shenzhen FRD Science & Technology Co., Ltd landed in Foshan. For the past two years, 12 major industrial projects with an intended investment of 31.1 billion yuan have introduced from Shenzhen to Nanhai District, which means that Nanhai is becoming one of the significant carriers that undertakes the innovation resources from Shenzhen. 


Though the economic growth to a certain extent has been impeded by the COVID-19 pandemic in Nanhai District, the investment promotion has been going pretty smooth. Data shows that more than 50 industrial projects of over 100 million yuan have been introduced this year with a total planned investment of 45 billion yuan, among which, 7 major billion-yuan projects have the intention to invest 32.5 billion yuan, with a year-on-year increase of 74%. That means 250 million yuan is brought in on average per day.


Author | Ivy

Revisor | Jessica

Photo | 陈天颢