OVC enterprises secure 100m yuan deals at trade exhibitions

Enterprises in the Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC) recently participated in various trade exhibitions and achieved procurement deals through precise matchmaking.

Nearly 80 OVC enterprises signed a series of 100-million-yuan ($13.84 million) contracts totaling $380 million at the recently concluded 7th China International Import Expo (CIIE). The purchases spanned specialty foods, agricultural products, and cosmetics, with suppliers from Brazil, the United Kingdom, the Netherlands, and Australia.

The 7th China International Import Expo (CIIE). [Photo/WeChat account of Optics Valley of China]

The event featured a "Hubei Comprehensive Image Exhibition Area", with 16 OVC enterprises and institutions showcasing achievements in industries such as optoelectronics, high-end equipment manufacturing, health, artificial intelligence, and low-altitude economy.

Earlier this month, over 20 OVC companies participated in the 136th China Import and Export Fair (Canton Fair). They secured numerous orders exceeding $15 million across 12 sectors, including electronics, industrial automation and intelligent manufacturing, new energy, automotive parts, pharmaceuticals and healthcare products, and medical devices.

The 136th China Import and Export Fair (Canton Fair). [Photo/WeChat account of Optics Valley of China]

OVC's foreign trade volume exceeded 160 billion yuan in the first three quarters of this year, reaching a historic high. Over 100 new enterprises contributed to this growth, showcasing OVC's significant achievements in fostering foreign trade.

OVC plans to organize leading small and medium enterprises to exhibit at the Optical Fiber Communications Conference and Exhibition in San Francisco, California, in April 2025 and the Laser World of Photonics in Munich, Germany, in June 2025. This initiative aims to help OVC enterprises expand their markets and secure more orders.