$1.3 billion invested in Nanyang projects

The city of Nanyang. [Photo/z.01ny.cn]

Nanyang signed deals for more than 30 projects at the 2018 China (Zhengzhou) Matchmaking Sessions on Industry Transfer on Nov 1, attracting a total investment of 8.9 billion yuan ($1.3 billion).

Nanyang signed four projects at the contract-signing ceremony of the industrial transfer cooperation meeting, including a project worth 1.5 billion yuan for investing in Huafu packaging technology industry park in Neixiang county by China Aerospace Science and Technology Co; an 800-million yuan carpet base in Zhenping town invested by Weihai Kunpeng Carpets Co; 1 billion yuan in a paper processing enterprise invested in by Tanghe county; and 1.05 billion yuan in a new materials project in Tongbai county invested in by China Sunsine Chemical Co.

Another 26 investment projects were signed with enterprises from Beijing, Shandong, Chongqing, Hunan and other cities. A leader of the Nanyang municipal comimission of industry and information technology said that the signing projects are related to the leading industries in Nanyang and will be conducive to optimizing the industrial structure of the city. It is expected to bring in an annual output value of 12 billion yuan and 860 million yuan in taxes. Nearly 10,000 new jobs will be created.