East China’s Jiangsu province has stepped up the construction of major investment projects and ensured their smooth progress through every possible effort so as to fulfill goals for social and economic development set forth in this year’s government work report. JSBC has the story.
Sinar Mas Group, an Indonesian conglomerate, kicked off its Rudong Industrial Base Project Sunday in Rudong Yangkou Port Economic Development Zone.
With a planned area of 8,500 mu, the project will be constructed in three phases. 10 billion yuan will be invested in the first phase of the project.
7 production lines will be established, each equipped with 4 paper-making machines. Upon its production, the project will become the world's largest base for household paper production.
Construction started recently on 114 key industrial projects and infrastructure projects with a total investment of nearly 100 billion yuan in Shuyang County.
61 of the investment projects are distributed in textile and clothing, mechanical and electrical equipment, health care, and new materials industry. 53 projects involves livelihood improvement, transport infrastructures, and amenity upgrading.
Jiangsu Suhong New Material Development Co., Ltd. plans to invest a total of 1 billion yuan to produce high-end food-grade metal packaging materials. Equipped with advanced equipment such as rewinding machines and leveling machines, the first phase of the project has been completed and put into production by providing employment for more than 80 people.
