East China’s Jiangsu province saw a year-on-year increase of 13.5% in the added value of industries above designated size from January to November, which stands for an average annual growth of 9.3% on a two-year basis. The sales revenue and industrial profits increased by 22% and 28.2% year-on-year.
Yancheng Dafeng-based Jiangsu Goodeng Heavy Machinery Technology Co., Ltd. is about to send a 1,200-ton world's largest horizontal directional drilling rig to the southeast coastal countries.
The company has developed China’s first large-tonnage drilling rig through independent innovation. At the same time, it is constantly seeking domestic replacement of key components by shortening the production cycle from 6 months to 1 month. The company has also slashed prices on its products while increasing sales revenue by 20% in 2021.
Yang Mingtao, Deputy General Manager of Jiangsu Goodeng Heavy Machinery Technology Co., Ltd.
We have replaced 90% of the domestic original parts on the entire equipment.Our engine is made by Weichai and the motor is made by Changzhou Hengli.
In 2021, Jiangsu's industry and information industry focused on promoting innovation and breakthroughs in basic and key areas to stabilize and optimize the industrial chain and supply chain, and producing 175 projects with strong technical replacement ability.
Last year, 6 of the 13 advanced manufacturing clusters supported by Jiangsu entered the national echelon, demonstrating the advantages of industrial chain clusters.
Judun Nickel recently launched a project with an annual output of 1.8 million tons in Delong Industrial Park, Indonesia. This key "Belt and Road" project jointly built by China and Indonesia has completed an investment of 30 billion yuan.
Wu Wen’nan, Deputy General Manager of Delong Group
We have invested in the construction of an industrial park in Indonesia,which have created a lot of tax,employment and foreign exchange income for the local area,and our company has also expanded new development and growth space in the process of "going out".
As of the end of November 2021, the province's exports of mechanical and electrical products increased by 17.9%, boosting the province's entire export growth by 11.9 percentage points. Exports of high-tech products increased by 9.5%, accounting for 34.4% of the province's total exports.
