The Guizhou Shuanglong Airport Economic Zone and Shanghai Junhe Group Co held a symposium via video link to discuss the Junhe Cloud Valley Guiyang Advanced Manufacturing Technology Port project on June 7.
Shanghai Junhe Industrial Group signed a project investment agreement with the Shuanglong zone's administrative committee on March 24 this year.
The project is expected to be completed within two years. Its accumulated operating income in the first five years is expected to reach 4.8 billion yuan ($717.41 million) and it is expected to pay 200 million yuan in taxes.
With a total investment of 2.2 billion yuan, the project will consist of a high-tech industrial park integrating manufacturing, R&D and design, production enterprise headquarters, product display and supporting services.
The park will also introduce and incubate enterprises in strategic emerging industries such as electronic information and intelligent manufacturing, and promote the practical application of more scientific and technological achievements.
At the symposium, Yang Renzhong, member of the Party working committee and deputy director of the administrative committee of the Shuanglong zone, said that the zone will continue to strengthen communications with the company and carry out preliminary work such as project formalities, data declaration and program reviews to ensure the early completion and operation of the park.
Lyu Jie, CEO of Shanghai Junhe Group Co, said that the company will give full play to its abundant resources, increase investment and business development, and seek common development with the Shuanglong zone.