East China’s Jiangsu province has stepped up the construction of major investment projects and ensured their smooth progress through every possible effort so as to fulfill goals for social and economic development. JSBC has the story.
The construction of the Taicang Port Integrated Hub Multimodal Transport Logistics Park started last Saturday. The logistics park covers a total area of 480.91 mu, with a planned construction of 14 facilities including the Port and Shipping Building, Class B and Class C warehouses, and cold storage. With a total investment of about 2.209 billion yuan, the project is scheduled for operation in 2028.
“This project will have the function of a comprehensive logistics hub for multimodal transportation such as railways, highways, and waterways, which can effectively enhance the container operation capacity of the Taicang Port and achieve innovative development with the Yangtze River Delta regions such as Shanghai and Zhejiang,” said Xu Jie, Executive Director and General Manager of Taicang Company of Suzhou Port and Shipping Group.
Suzhou Port and Shipping Group has signed a strategic cooperation framework agreement with the Taicang Municipal Government. The two sides will give full play to the advantages of Taicang Port's location and work together to build Suzhou as a container trunk port along the Yangtze River, an important hub port for river-sea intermodal transportation, and a Yangtze River water transportation distribution center so as to further promote the level of port trade facilitation.
Hoerbiger KT Asia Holding Pte. Ltd. has been put into operation in Changzhou National High-tech Zone. The project, with a total investment of 100 million US dollars, will produce products for use in petrochemicals, hydrogen energy, chips, and energy storage, with an estimated annual sales revenue of 500 million yuan.
“The Changzhou factory will not only serve the Chinese market in the future, but also serve the Asia Pacific and other overseas markets,” said Tolston Kaller, CEO and Chairman of the Board of Directors of Hoerbiger KT Asia Holding Pte. Ltd.
Changzhou High-tech Zone has gathered over 2000 foreign-funded enterprises from 68 countries and regions, including 52 Fortune Global 500 projects.
