On March 23, a ceremony for investment promotion and project commencement of 2022’s first quarter was held in Sanshui Park in the Foshan National Hi-tech Industrial Development Zone.

The total investment reached 16.1 billion yuan ($2.53 billion). Emerging industries of strategic importance and headquarters economy played the leading role. Six projects with a total investment of 6 billion yuan were signed and settled. Nine projects started construction with a total investment of 10.1 billion yuan.

Large machinery is working in Sanshui Park in the Foshan National Hi-tech Industrial Development Zone on March 23. [Photo provided to chinadaily.com.cn]

Multibillion-dollar projects introduced in first quarter

At present, Sanshui Park has acquired more than 25,000 mu of land, which can provide a sufficient carrier guarantee for the industrial development of the Guangdong-Hong Kong-Macao Greater Bay Area and promote the high-standard construction of Datong Lake Science and Technology Industrial Park in the Foshan High-tech Zone.

Wuquan Materials Company is interested in the development potential of Sanshui Park. It plans to invest 1 billion yuan to establish a headquarters in the park. Wuquan's total output value and sales revenue exceeded 1 billion yuan last year. Its sales volume of vertical mills and honeycomb mills have ranked first in China for five years.

At the beginning of this year, Sanshui Park also introduced the China Brilliant Industrial Supply Chain Smart Park project with an investment of 10 billion yuan.

Existing projects have increased capital and expanded production

Rifeng, Xingxing Refrigeration Equipment and Henglitai have all increased capital and expanded production in Sanshui Park.

Among the nine key projects that started at the event, the investment of Rifeng New Materials Phase II and Xingxing Refrigeration Equipment were 3.3 billion yuan and 1.5 billion yuan respectively.

Data shows that Henglitai and its wholly-owned subsidiary in Leping had an operating income of nearly 2 billion yuan in 2021, a year-on-year increase of more than 30 percent. Xingxing Refrigeration Equipment's operating income in 2021 increased by more than 20 percent.

On-site construction also includes the intelligent equipment project of Lyuzhiyuan Aluminum, Leping Science and Technology Smart Center, and Leping Modern Flower Industrial Park project, covering the fields of equipment manufacturing, scientific and technological services and modern agriculture.

After the nine projects are completed and put into production, it is expected to increase the output value by 8.5 billion yuan.

Leading enterprises play strong role

Data shows that in 2021, leading companies, including Rifeng, Xingfa Aluminium Profile and KOHLER, are becoming a new pillar to support the future development of Sanshui Park.

In recent years, the number of enterprises and innovation platforms of Sanshui Park that have won national and provincial science and technology honors has continued to increase, and the innovative vitality of market players has continued to grow.

Looking forward to the future, the park will become a place for enterprise innovation and talent entrepreneurship.