Hechi attracts over $1.2b investment in Shenzhen

The investment promotion team of the new materials, pharmaceutical, and chemicals industries of Hechi has carried out investment promotion activities in Shenzhen from Nov 9 to 11, resulting in signing contracts on eight projects, with a total investment of 8.19 billion yuan ($1.24 billion).

The contracted projects cover the areas of new environmental protection materials, man-made granite, a medical equipment and consumables trading service center, a new wallboard materials and concrete production line, plastic accessories and electronic products, as well as oily waste clay and oil sludge resource utilization and treatment.

The annual output value of the eight projects is expected to reach 13 billion yuan after being put into production.

Among them, the new environmental protection materials project in Du'an Yao autonomous county, which is projected to have an annual output of eight million tons of non-metallic powder materials, has a planned investment of 7.2 billion yuan and a construction period of three years. It will be completed before December 2023. After completion, the annual output value is expected to be 11.4 billion yuan and the tax revenue generated estimated to be 1.3 billion yuan.