PR88391

CHANGZHOU, China, March 8, 2021 /PRNewswire=KYODO JBN/ --

- The projects, backed by US8.9 billion in investment, span a wide array of key

industries

On the morning of February 27th, Changzhou National High-Tech Zone held the

groundbreaking ceremony for Phase II of Intersurgical Medical Device

(Changzhou) Co., Ltd.'s plant. The ceremony is the first of similar events for

zone's 70 planned production facilities, the construction of which is scheduled

to start in 2021. The 70 projects represent a total investment of US$8.9

billion, of which, US$3.3 billion is expected to be made this year. The

projects include 47 manufacturing facilities with a total investment of US$4.6

billion, of which US$1.6 billion is earmarked for 2021. Emerging and

specialized sectors account for more than 80% of what will be produced at the

new facilities. The projects are comprised of 17 at the municipal level, 51 at

the district level and 2 categorized as key in supporting the transportation

infrastructure. Sectors covered by the new projects include smart energy, new

materials, electric vehicles, core auto parts, new medicines and medical

devices, and next-generation information technology, as well as modern service

sectors providing science and innovation platforms. The facilities are aimed at

improving the ecological environment, enhancing industrial capacity and

improving people's livelihoods.

The event was held on the grounds where the Phase II project of Intersurgical

Medical Device's plant will be built. Officials from ten sub-districts gave

short presentations on the number, value and structure of the investment

projects in their respective jurisdictions.

Intersurgical Medical Device (Changzhou) Co., Ltd. is a wholly-owned subsidiary

of Intersurgical, the largest manufacturer of respiratory and anesthesia

medical devices in Europe. In 2014, the company invested in its Phase I project

in the Life and Health Industrial Park of Changzhou National High-Tech Zone.

The Phase II project has a total investment of UKP 36 million (approx. US$49

million), and a projected annual production capacity of 110 million units of

medical equipment such as respiratory therapy devices, respiratory filtration

devices and anesthesia masks, as well as 100 sets of trimming molds.

About Changzhou National Hi-Tech District (CND)

Changzhou National Hi-Tech District (CND) is located in the heart of the

Yangtze River Delta. There are more than 1,600 foreign-invested companies in

CND. Related link: http://cznd.changzhou.gov.cn/

SOURCE  Changzhou National Hi-Tech District

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   Link: http://asianetnews.net/view-attachment?attach-id=386022

   Caption: Construction to start on 70 projects spanning key industries in Changzhou

National High-Tech Zone