PR86888

CHANGZHOU, China, Nov. 26, 2020 /PRNewswire=KYODO JBN/ --

On 22 November, the opening ceremony of the BOMAG production site was held in

the Changzhou Hi-Tech Zone.

BOMAG is the global leading producer of compactors and manufacturing machines

for the compaction of soil, asphalt and refuse landfills, et cetera.

Bomag (Changzhou) Construction Machinery Co., Ltd. has invested a total of 70

million dollars with a registered capital of 30 million dollars. The company

aims to become FAYA Group's modern plant. The facility covers an area of almost

30,000 square meters, including spaces for factory, offices, sales and service

functions. An additional 19 lines for the production of various rollers,

pavers, planers, et cetera are planned, with an annual output of 15,000 sets of

various equipment and an estimated annual value of 1.5 billion yuan. The

company has also established the APAC Engineering R&D Center and the BOMAG

China Customer Training Center. The FAYA Group also intends to relocate its

BOMAG China sales headquarters to the Changzhou Hi-Tech Zone.

Hang Yong, Vice Mayor of Changzhou City, delivered a speech at the opening

ceremony. He said that BOMAG is not only a global leading manufacturer of

compaction and road equipment, but also sets a benchmark for digital and lean

production more generally. With BOMAG stationed in the Changzhou Hi-Tech Zone,

it will surely drive the innovative development of the Changzhou construction

machinery industry, bringing vigor and growth to the industry of intelligent

equipment manufacturing. Changzhou municipal government bodies at all levels

will better serve the enterprises as always, and hope to cooperate with FAYA

Group and BOMAG in a long-term, stable and mutually beneficial manner focused

on continuous development, so as to jointly push the development of Changzhou's

intelligent equipment manufacturing industry to a new height.

The Changzhou High-Tech Zone continues to optimize the business environment and

effectively strengthen enterprise services, receiving actual foreign capital of

762 million dollars this year. A number of major projects have been established

in the fields of intelligent manufacturing, new materials, medical devices, the

next-generation of information technology, et cetera.

source: Changzhou National Hi-Tech District

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   Caption: BOMAG New Plant Starts Business in the Changzhou Hi-Tech Zone