Tongzhou launches 100-day investment promotion campaign
Tongzhou district in Nantong, Jiangsu province, launched a 100-day investment promotion campaign on Jan 20, aiming to attract more businesses to the area.
At the event, agreements for nine projects that plan to operate in the Nantong National High-tech Industrial Development Zone were signed.
Nantong Jiufang New Materials Co Ltd is the company behind one of the projects. It set up operations in Tongzhou in 2020. After years of development, it successfully went public in August 2024.
The company has decided to expand its Phase II project in Tongzhou. According to company chairman Gao Han, the Phase II project will involve a total investment of 500 million yuan ($68.7 million), which will be used for the construction of factories and supporting facilities.
The project is expected to start construction in October this year, and once fully operational, is projected to generate over 800 million yuan in annual taxable sales and contribute more than 80 million yuan in annual taxes.
A singing ceremony is held during the event. [Photo/Nantong Daily]
