The city of Huai'an has launched an incubating program to focus on the cultivation of key enterprises and major investment projects, which has effectively promoted the sound and rapid development of the local economy.
In Newtech’s automation workshop, the technicians were kept busy testing the speed, interval and accuracy of loading and unloading of intelligent robotic vehicles on the dust-proof net production line.
The 158 incubating program is one of the five major events that Huai'an has highlighted in recent years by focusing on 158 large-scale enterprises, high-tech enterprises, major investment projects, etc., so as to ensure that the key enterprises will register fast development and good performance.
As one of the shortlisted companies, Newtech has continuously stepped up its own technological innovation and accelerated its transition from traditional production to automation intelligence. At present, its products, with an automation rate of more than 70%, have been ordered by more than 30 automobile giants such as BMW, Mercedes-Benz and Audi. The company is expected to garner 352 million yuan of annual sales in 2018, a growth of more than 6-fold compared with that of 2014.
The 158 incubating program has also helped key enterprises to grow stronger from the city’s three-year action plan for industrial development, the introduction of ten-billion-yuan scheme for corporate growth, the establishment of industrial development funds, the formation of industrial alliances, and the promotion of manufacturing cluster construction.
At present, Huaigang Special Steel and Huaiyin Cigarette Factory have fulfilled their annual goals of turning out 10 billion yuan in output value. Min’an Automobile has entered the trial production stage while its newly developed electric vehicle has been successfully launched on November 2.
A number of major projects such as Dehuai Semiconductor, Times Chips, and Fuqiang New Materials have ushered in the equipment commissioning stage and are scheduled for operation next year. As of the end of November, 119 billion yuan had been invested on 220 major projects in Huai'an.
(Source: ourjiangsu.com)
