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Jinshan Industrial Zone inks pacts on six projects

Jan 15, 2020

The Jinshan Industrial Zone signed investment agreements on six projects, with a total investment of 2 billion yuan (US$285.71 million), at the annual economic conference of the zone recently.

The projects cover packaging, environmental protection, medicine, intelligent manufacturing and drone industries.

Yuto Packaging plans to invest 700 million yuan to set up its East China headquarters in Jinshan District. After completion of the project in 2023, the annual output is expected to reach 1 billion yuan.

In 2019, the output of the Jinshan Industrial Zone tallied 27.7 billion yuan, rising 8.4 percent from 2018. Its taxation income jumped 42.9 percent to 5.04 billion yuan, while fiscal revenue soared 71 percent to 1.28 billion yuan.