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Fengmao Co., Ltd. Aims to Invest Up to 1.5 Billion Yuan in Establishing an Auto Parts Manufacturing Hub in Jiaxing
2025-05-29 /
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Author：小编
Fengmao Co., Ltd. has officially announced its intention to ink a collaboration agreement with the Jiaxing High-tech Industrial Development Zone Management Committee. The objective of this partnership is to acquire land within the zone for the development of a state-of-the-art automobile parts production facility. The projected investment for this ambitious undertaking is anticipated to peak at 1.5 billion yuan. Within a span of five years, the facility aims to achieve full operational capacity, generating an annual output value of approximately 1.5 billion yuan and contributing roughly 60 million yuan in annual tax revenue. It is worth noting that the exact investment figure will be contingent upon actual expenditure and progress.
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