9 January
German high precision bearing project investment agreement signing activities
Held in Jintan Economic Development Zone
The project is Jintan District 2025
The first foreign investment project signing
It is also the 67th German-speaking enterprise in the Sino-German (Changzhou) Innovation Industrial Park
The 67th German-speaking enterprise
On the scene of the event, the German high-precision bearing project ‘Cloud Signing’ settled in the Sino-German (Changzhou) Innovation Industrial Park, and both sides jointly signed an investment agreement.
German enterprise INTERPRECISE Donath GmbH is headquartered in Bavaria, Germany, the signing of the project by the company’s rolling bearing enterprises responsible for the core products for cylindrical roller bearings, roller bearings, needle roller bearings, etc., are widely used in machine tools, robots, hydraulic pumps and motors, textiles, mines, printing, and other industrial fields.
During the signing process, the relevant person in charge of Jintan Economic and Technological Development Zone said that it will adhere to the long-termism, with the concept of ‘partner’, ‘gold butler’ standard, to provide the most pragmatic policies, the best quality environment, the most thoughtful service for the project construction, and help the project go into operation as soon as possible to achieve results. The Group’s Chairman, Christian Witte, believes that the project will be a great success.
Christian Witte, Chairman of the Group, believes that the signing of the project is an important milestone in the development of the company, which not only enhances the production capacity of the enterprise, but also strengthens the connection with Jintan, Changzhou, a vibrant and innovative region.
German high-precision bearing project with a total investment of $ 30 million, the registered capital of not less than 5 million euros, 15 acres of newly acquired land, the introduction of advanced production equipment and technology at home and abroad, to expand the scale of production, upgrade products, and further enhance the core competitiveness of enterprises and market share.
After the project is completed and put into operation, it is expected that the new annual output value will be 120 million yuan and 150 new jobs will be created.
‘We will strengthen cooperation with domestic famous colleges and research institutes, accelerate the speed in product development, combine the German R&D advantages and Chinese local R&D advantages, and continue to develop in the field of high-end bearings.’ Liu Bao, the person in charge of the project side, said.
In recent years, relying on the Sino-German (Changzhou) Innovation Industrial Park, Jintan has carried out all-round exchanges and co-operation with German-speaking countries, attracted high-quality German-speaking enterprises to invest in Jintan, and become a preferred place for small and medium-sized enterprises from German-speaking countries to invest in China.