Project Basics
Name: Macheng Auto Industrial Park
Date of posting: 2017-6-8
Project type: equity investment
Investment mode: unlimited
Industry: transportation equipment manufacturing
Location: Huanggang City, Hubei Province
Term of validity: two years
Total amount: USD 583.46 million
Proposed total investment: USD 583.46 million
Category: general
Description:
As China’s economy and society grows, an increasing number of cars and limos have found their ways into households. The sharp output growth has launched auto manufacturing - a pillar industry - and support sectors into a new era of unprecedented opportunities.
General Information
Approved: Yes, and encouraged
Favorable conditions: An important auto spare part production base in central China, Macheng has been included in Hubei’s plan for a 100-billion-yuan auto industry. The 169 auto enterprises so far in the city, including 96 spare part producers and 73 above-scale enterprises, have employed a workforce of over 20,000. An integrated industry chain has taken shape, spanning forging & casting, spare part processing & sales, finished car sales & repair, and environment-friendly handling of used cars.
Estimated annual sales: RMB 500 million
Estimated investment pay-back period: five years
Estimated number of employees: 300
Environmental impact: The project runs conventional business and will not be an emitter of major pollutants.
Investor condition: Enterprises with experience in relevant industries are preferred.
Tenderee and contacts
Tenderee: Investment Promotion Bureau of Macheng City, Hubei Province
Contact person: Liu Chunfeng
Tel.: 0713-2951558
Email: mcszhaoshangju@163.com
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