The Largest Auto Fittings Center will be Built in Lianyungang City

Resource from: cbcc-yinx Likes:3002

Jul 18,2005

Recently, China Huaxin signed a cooperation contract with the government of Lianyungang city to build a comprehensive large-scaled Auto Fittings Center in Donghai county of Lianyungang. The planed investment for this project is RMB4.5 billion yuan and the project will be divided into two phases. Predictively, this auto fittings center will become a international supplying center integrated with the functions of manufacturing, sales and delivery. According to the National Development & Reform Commission, when the auto fittings center in Lianyungang completed, it will become one of the largest auto fittings centers in China. It is reported that this center located in the southern part of Donghai county's development zone and the first phase of these project will be started in August this year. To speed up the progress of this project, China Huaxin chosen 5 to 10 world famous auto fittings enerprises as their partners. Huaxin and his foreign partners altogether invested $250 million in the project and this project will be completed in 2 years. During the second phase of this project, R&D Center of the enterprises who has been settled in the auto fitting center will also be move to Donghai county and large auto fitting super-market will be built. China Huaxin whose fixed assets is about HKD6.6 billion has more than 10 subsidiaries in China, such as China Huaxin Internation Financing Co.,Ltd; China Huaxin Shipment Co.,Ltd etc. They are mainly delt with finance, investment, shipment, real estate, hotel, construction machinery etc.

(cbcc-yinx)

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