NETDA drives growth with boosted production in Q1

As the first quarter of the year reaches its midpoint, businesses in the Nantong Economic and Technological Development Area (NETDA) are ramping up production and working hard to meet the growing demand.

One of the standout companies is Lohua Display Technology (Jiangsu) Co Ltd, which focuses on the research, development, and production of mini and micro LED display light sources and modules. The company's order backlog has already extended into the second quarter of this year, and to meet the production demands, Lohua has invested in new equipment, doubling its overall production capacity.

Last year, Lohua was recognized as a national-level "little giant" enterprise, significantly boosting its visibility and influence in the industry. The company has expanded its client base from the notebook computer sector to the television industry, forming partnerships with several well-known domestic companies.

To encourage businesses to seize opportunities in the new year, NETDA has introduced policies that provide incentives based on first-quarter sales growth. Additionally, large-scale industrial enterprises that maintain continuous production are included in the electricity supply priority list, supporting the availability of key production factors and transportation services.

An aerial view of the Nantong Economic and Technological Development Area (NETDA). [Photo/WeChat account: gh_78ba52d6e1ed]