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At the special meeting for Ningbo of Zhejiang Negotiation Meeting, a contract-signing ceremony has been held, and our city has signed 4 projects with total investment of 0.14 billion dollars and contracted foreign capital of 53.38 million dollars.
2006- 08- 11

Yesterday afternoon, at Ningbo Special Meeting of the 8th Zhejiang Investment and Trade Negotiation, a contract -signing ceremony of invested projects by foreign businessmen was held in Ningbo Nanyuan Hotel. Deputy mayor Chen Jianmiao attended it.

At this contract-signing ceremony, there are totally 27 projects, and thereinto our city has 4 projects, and the number of contracted projects is the largest among all counties (city or district). In these 4 projects, the total investment is 0.14 billion dollars, and contracted foreign capital is 53.38 million dollars.  

These 4 projects are the following: capital increase project of Ningbo Shunxiang Science and Technology Co, Ltd., in this project, the contracted increased capital is 25 million dollars, and the total investment, after capital is increased, is 50 million dollars. After the project starts operating, the annual output of the differential fiber is 0.1 million tons; capital increase project of Zhejiang Far-East Industry Development Co, Ltd., in which the contracted increased capital is 20.77 million dollars, and the total investment, after capital is increased, is 59 million dollars. This project mainly produces electric tools and the annual production value is 0.2 billion Yuan; Ningbo Jinkaidi Digital Science and Technology Project, this is a sole proprietorship, and its total investment is 2 million dollars, and the contracted attracting capital is 1.43 million dollars, and it is mainly engaged in the research, development and manufacture of digital video equipments, and the annual production value is 5 million dollars, and it is the first foreign-capital project of scientific research and development in our city; the project of meal equipment for Olympic Games, it is a joint-venture project contracted by Italy Mengnit Company and Zhejiang Wugu Industry Co, Ltd., and its total investment is 27.4 million dollars, and the contracted attracting foreign capital is 6.18 million dollars, and it is mainly engaged in the design and manufacture of meal equipments and relevant products for Olympic Games, and the production value of this year is 0.2 billion Yuan, and the production value will be one billion Yuan in 2-3 years.

From the introduction, we can know that the 4 projects, which our city has contracted, own the following characteristics: high intension of investment, high content of science and technology and close supplementary industry. It will further accelerate the industry upgraded and supplementary, and become the new increase point of economic development all over the city.

 (From Yuyao Daily)

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