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Work begins on 21 manufacturing plants, industrial parks

Aug 19, 2019

Construction for a total of 21 advanced manufacturing plants and industrial parks began in Jinshan District on Friday.

With a total investment of more than 4.6 billion yuan (US$653 million), the plants and parks are mostly projects of leading global companies in the high-end equipment, advanced materials, information technology and health science industries.

Jilin Optical and Electronic Materials Group, the leading OLED manufacturer in China, has invested 600 million yuan in a new research and development center in Jinshan which, according to the company, will be the largest OLED material R&D base in China.

"Shanghai is the center of the OLED industry in China," said CEO Xuan Jingquan. "And many key enterprises of the industry are here in Jinshan, which gives us an upper hand to connect with potential clients and form an industrial ecosphere."

Eight of the projects have investment from overseas. Mankiewicz, a world-leading coating company which has provided the interior coating for China's domestically made C919 aircraft, is one of them. The company has invested 30 million yuan to expand its plant with new warehouses, factories and an emergency lagoon.

STA Pharma will invest 560 million yuan to set up its global R&D facility in the biomedicine industry. Huntsman from the United States has invested 247 million yuan to expand its fine chemical production in the suburban district.

This year, Jinshan has attracted 5.3 billion yuan in foreign investment, up 300 percent year on year.