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WHDZ signs off on key projects worth 22b yuan

Updated: 2020-04-22

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Six key projects worth 22.1 billion yuan are signed at an online ceremony held on April 8. [Photo/whkfq.gov.cn]

Wuhan Economic & Technological Development Zone (WHDZ) signed off on six key projects worth 22.1 billion yuan ($3.12 billion) that will be based in the zone, at an online ceremony held on April 8, according to WHDZ officials.

The projects to be based in the WHDZ -- located in Wuhan city in Central China’s Hubei province -- include the new Dongfeng New Energy and Intelligent Industrial Park, the Dongfeng Logistics Group Headquarters, Dasouche Financial Technology Headquarters and the Wuhan Haier New Product Introduction and Expansion Project.

The projects cover areas including next-generation automobiles, modern logistics, corporate headquarters, scientific research centers, smart home appliances and smart manufacturing.

Giant auto manufacturer Dongfeng Motor Corporation plans to integrate the resources of its logistics companies -- including Dongfeng Checheng Logistics, Fengshen Logistics and Wuhan Dong Ben Logistics Co -- to establish the Dongfeng Logistics Group.

White goods maker Qingdao Haier Industrial Development Co intends to introduce and expand gas heating stove production, high-end freezers and new air-conditioning output in the WHDZ to boost the added value from its products in its Wuhan factory.

The research center project of the CCCC Second Highway Survey and Design Institute Co will mainly focus on research, development, production and sales of engineering survey and design products. It is estimated that by 2024, the project will add 210 employees.

A high-end intelligent drainage equipment R & D and manufacturing plant will be built by Wuhan Shengyu Drainage System Co.

It will mainly be engaged in the development, production and sales of products such as intelligent diversion wells, intelligent storage tanks and intelligent drainage systems. The company will also build a design and research institute, academician workstations and product verification and test centers in the WHDZ.

Officials said the WHDZ, while carrying out novel coronavirus epidemic prevention and control measures, is making every effort in expanding investment in the zone.

Recently, it raised more than 2 billion yuan in capital, issued 18 preferential policies for companies based in the zone -- and increased other support to encourage businesses to invest in the zone.