China Changzhou first foreign-funded high precision bearing project will be settled in Jintan In 2025
On Jan9,2025 the signing ceremony of the investment agreement for the German high-precision bearing project was held in Jintan Economic Development Zone. This project is the first foreign-funded project signed in our city this year and the 67th German-speaking company to settle in the Sino-German (Changzhou) Innovation Industrial Park.。
At the event, the German high-precision bearing project was "cloud signed" and settled in the Sino-German (Changzhou) Innovation Industrial Park. The German company INTERPRECISE Donath GmbH is headquartered in Bavaria, Germany. The signing project is in charge of the company's rolling bearing company. Its core products are cylindrical roller bearings, roller bearings, needle roller bearings, etc., which are widely used in machine tools, robots, hydraulic pumps and motors, textiles, mining, printing and other industrial fields.
Relevant person in charge of Jintan Economic Development Zone said that they will adhere to long-termism, and provide the most pragmatic policies, the best environment, and the most thoughtful services for project construction with the concept of "partner" and the standard of "golden steward", so as to help the project go into production and achieve results as soon as possible. Christian Witte, chairman of the group, said that he was very honored to join the Sino-German (Changzhou) Innovation Industrial Park, and the successful signing of the project was an important milestone in the company's development.
The German high-precision bearing project has a total investment of 30 million US dollars. It will introduce advanced production equipment and technology from home and abroad, expand production scale, improve product quality, and further enhance the core competitiveness and market share of the enterprise. After the project is completed and put into production, it is expected to add an annual output value of 120 million yuan and 150 new jobs.
Liu Bao, the relevant person in charge of the project, introduced that they will strengthen cooperation with some well-known domestic colleges and research institutes, speed up product research and development, combine the R&D advantages of Germany and China, and develop some high-end bearings.
In recent years, relying on the Sino-German (Changzhou) Innovation Industrial Park, our district has carried out all-round exchanges and cooperation with German-speaking countries, attracted high-quality German-speaking enterprises to invest in the forum, and become the preferred place for German-speaking SMEs to invest in China.
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