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Ningxiang ETDZ signs 2 projects

By | nxiang.net| Updated:  Sep 14,2021 L M S
Ningxiang Economic and Technological Development Zone signed two projects with a contract value of 1.55 billion yuan in an investment promotion meeting in Shanghai.

Master Kong plans to further invest in the construction of beverage phase III project and Bingxin Packaging project on the basis of the original project, with a total investment of 1.2 billion yuan and a land area of 137 mu (about 22.6 acres). The annual output value is expected to be 1.5 billion yuan and the new tax revenue is 150 million yuan.

Master Kong owns such well-known brands as "Master Kong" instant noodles, pure water, tea drinks and Pepsi. It is the world's largest instant noodle manufacturer and a leading enterprise in the beverage industry. In 2020, Master Kong Holdings' revenue exceeded 80 billion yuan.

Bingxin Packaging, affiliated with supporting business group of Master Kong, is a professional packaging company specialised in production of high-and medium-grade corrugated cartons.

Over 10 production bases have been set up in Hangzhou, Guangzhou, Tianjin, Huai'an, Chongqing, Chengdu, Wuhan, Shenyang, Harbin, Xi'an, Zhengzhou, Urumqi, Jiangmen and Nanjing. Its annual production is more than 2.5 billion square meters cardboard and 3.5 billion cartons with an annual output value of more than 4 billion yuan.

In addition, Atlas Precision also signed a project to build a production base in Ningxiang ETDZ.

The project is divided into two phases of construction with a total investment of 350 million yuan. The first phase of the project, with an investment of 150 million yuan,
plans 4 to 6 intelligent production lines for power battery box that can produce 160,000 sets of battery boxes annually.

The first phase of production is expected to achieve an annual output of 200 million yuan and an annual paid tax of 10 million yuan. 

The second phase of the project is planned to invest 200 million yuan for a production line of a new energy vehicle thermal management system, and will reach an annual output of 260,000 sets of thermal management systems, with an output value of 200 million yuan and a tax revenue of 10 million yuan.

Atlas Precision is a new energy vehicle parts supplier integrating research and development, design and manufacture. Its products cover aluminum alloy battery box, new energy vehicle thermal management system, electronic-controlled box, water-cooled motor housing, etc. The company mainly serves high-grade customers in the new energy industry, such as BYD, CATL, and Sunwoda.