Industrial investment is an important driving force to support high-quality economic development. Since the beginning of this year, the city has strengthened the role of industrial investment, especially high-quality investment, in adjusting the structure and stabilizing growth, focusing on the enhancement of industrial investment connotation and sustainable development, and promoting the Tongxiang real economy to accelerate the realization of quality change, efficiency change, and power change.
Entering Fengming Industrial Park, the construction site is a hot construction scene. In Zhejiang Tongqing Automobile Bearing Co., Ltd., which occupies a 20-mu new plant area, three new plants have been erected. Currently, interior and exterior renovations are accelerating and production will begin before the end of the year. As the automobile auto parts project of Fengming Sub-district in the last two years, Zhejiang Tongqing Auto Bearing Co., Ltd. has a total investment of more than 63 million yuan. It plans to introduce a number of full speed control automation moulding machine production lines. The project can produce an annual output of 500 precision bearings. Ten million sets, realize sales income 100 million yuan. The person in charge of the company stated that with the commissioning of the new project, the company will increase the investment in new equipment and new products, research and development efforts, and do fine products such as special cylindrical roller bearings, and move toward the high-end gearbox bearing market.
And many of the traditional enterprises in our city have increased investment through new project construction, technological transformation and other means to achieve transformation and upgrading. This year, Zhejiang Fangyuan Polymer Fiber Co., Ltd. invested 400 million yuan to start the construction of a second-phase differential nylon project with an annual output of 60,000 tons. It plans to introduce three nylon 6 polymerization production lines to further increase the degree of equipment automation and enrich product categories. At present, the project has entered the main building phase of the plant and is expected to be officially put into operation in 2019. The annual output value of the project can reach 1.8 billion yuan.
Since the beginning of this year, the city has focused its investment quality on “effectiveness”, keeping a close eye on emerging industries that are mainly high-end equipment manufacturing industries, and promoting the optimization of industrial structure. At the same time, the city is focusing on revitalizing the transformation of the real economy and chemical fiber manufacturing to upgrade provincial pilots. Innovation-driven, green development, quality improvement and efficiency enhancement, and strong chain supplements for traditional industries such as chemical fiber and textiles. In the first quarter, the city's industrial investment showed a good momentum of improvement. The city's industrial investment was 2.85 billion yuan, an increase of 8.4% year-on-year.