Hengli plans to attract 1 billion US dollars in 5 years

"By 2015, Hengli's mold output value will reach 10 billion yuan, becoming a solid industrial pillar." Secretary of the Hengli Town Party Committee Tan Quanan recently said at the town's third-level cadre meeting that the town will focus on introducing 3 to 5 companies this year. Die R & D and design agencies, and strive to import more than one billion U.S. dollars or more in five years. At the same time, it plans to invest 10 million yuan each year to cultivate the "leading" of advanced manufacturing and modern service industries.

According to statistics, in 2010, the total production value of Hengli Town was 6.25 billion yuan, a year-on-year increase of 16%. Among them, Hengli's mold industry has formed a considerable scale. The growth rate of the industry last year was significant. The output value of the mold industry reached 4 billion yuan, a year-on-year increase of 26.9%.

At the same time, the town has also set a new high for investment promotion. In 2010, a total of US$300 million was introduced for domestic and foreign investment, of which foreign investment was US$170 million, domestic capital was 890 million RMB, and 17 projects exceeded USD 5 million. The average investment of the project was US$2.5 million. The town’s disposable financial revenue was 424 million yuan, a year-on-year increase of 4.8%; the country and land tax revenue totaled 733 million yuan, an increase of 34.6% year-on-year.

“To attract 20 foreign and domestic capitals with US$1 billion and over 10 million US dollar projects in five years.” Tan Quanan introduced at the meeting. In the future, he will invest 10 million yuan each year to cultivate 5 to 8 leading enterprises in advanced manufacturing and modern service industries. Focused on supporting 50 foreign companies and private enterprises, the company's ability to independently innovate will continue to increase. In 2015, domestic sales of foreign companies will reach 10 billion yuan. There are 20 high-tech enterprises and famous brand names at or above the provincial level respectively, and there are 20 self-owned brand companies and more than 3 listed companies.

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