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​Jiaxing's manufacturing industry posts stable growth

chinadaily.com.cn| Updated : Sep 15, 2022

Jiaxing's manufacturing industry received an investment of 60.57 billion yuan ($8.63 billion) from January to July, a year-on-year increase of 24.7 percent and accounting for 33 percent of fixed asset investment, according to the Jiaxing economy and information technology bureau.

DMG MORI (Pinghu) Manufacturing Co Ltd in Pinghu, engaged in precision machine tool production, received a total of $105 million in investment and will span 105 mu (7 hectares). It is expected to be put into operation next year, producing 1,500 all-purpose five-axis machining centers and 500 turning-milling compound machine tools.

The new energy project of Jiaxing Longji Leye Green Energy Technology in Xiuzhou district is also in full swing. The project received 6 billion yuan in investment and is expected to pay about 15 billion yuan in taxes per year after the completion and offer about 1,800 jobs.

In addition, the Fresh Yolo Group headquarters building, with a total investment of 165 million yuan, and the project of Denuo Foods with an annual output of 100,000 metric tons of coconut-based plant milk are under construction on Fengming street, Tongxiang city. Zhang Kai, general manager of Fresh Yolo Group, said that the project is expected to be put into operation by the end of June next year.