The groundbreaking ceremony of Tingnan Industrial Park was held in SIP High-end Manufacturing and International Trade Zone on Dec 18.

With a total investment of about RMB180 million, the project, partly located on a land plot owned by Weiting Sub-district as a collective asset, will be jointly constructed and managed by the sub-district and Hengtai Holding. It is expected to blaze a trail for sub-district-enterprise cooperation in vitalizing collective assets.

The project will comprise two multi-storey manufacturing buildings and annexes with a total floor area of about 50,000 square meters. After its completion in late 2026, it aims to become an intelligent manufacturing cluster focused on innovative electronic parts and components, intelligent equipment and automotive electronics.

December 18, 2024