Country for PR: China
Contributor: PR Newswire Asia (China)
Monday, March 08 2021 - 21:07
AsiaNet
Changzhou National High-Tech Zone to build 70 new production and service facilities this year
CHANGZHOU, China, March 8, 2021 /PRNewswire-AsiaNet/ --

- 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

Image Attachments Links:

   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

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