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6 major deals signed at investment conference

Jan 7, 2020

Six agreements on advanced manufacturing and industrial platforms were signed at the 2020 Jinshan District Business Environment and Investment Conference yesterday, with a total investment of 14 billion yuan (US$2 billion).

Shanghai Sunny New Technology Development Co Ltd plans to invest 140 million yuan to set up a manufacturing and R&D base for polymer materials which will have an annual output of 60,000 tons.

Shanghai Open Building Systems Co Ltd will invest 530 million yuan to set up a manufacturing base for prefabricated light steel system solutions. After going full stream, the sales revenue is expected to reach 850 million yuan, with 39.98 million yuan in taxes annually.

In addition, two industrial zones will be set up for intelligent equipment manufacturing, auto parts, integrated circuits and supply chain financing. Jinshan plans to allocate 300 million yuan to support high-quality development of the real economy.

Tailor-made incentives will also be offered to support the development of drones, new display and biomedicines.