Dalian Yifeng High-strength Rope Company in the city’s Lushunkou district has won national funding for businesses in coastal economic areas, according to a recent Liaoning Provincial Government notice.
The company will be awarded 13.4 million yuan ($2.09 million) to be used specially for an aramid fiber rope project with an expected annual output of 14,000 kilometers.
Lushunkou government has emphasized this specific application of the fund after strict investigations into the project were conducted to ensure it met national requirements.
Relevant departments will continue to devote attention to the project and guarantee its smooth progress.