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Zhangjiagang FTZ gears up for more projects in Q3

(chinadaily.com.cn)

Updated:2021-08-13

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The Zhangjiagang FTZ is on a roll, with a raft of production starts for completed projects and new projects expected to sign up in Q3 to move to the zone. [Photo/WeChat account: zhangjiagangfabu365]

 

The Zhangjiagang Free Trade Zone (FTZ) in the county-level city of Zhangjiagang – administered by Suzhou in East China's Jiangsu province – is currently gearing up to sign on more investment projects and start construction of others in the third quarter, according to its official WeChat account.

 

PPG Industries, a US-based coatings and specialty materials company – which set up its factory in Zhangjiagang in 2005 – is currently accelerating construction of an expansion there, expected to be completed by end-September and go into production in April 2022.

 

"The project's third phrase has entered the final period of construction and will have an annual production capacity of 145,000 tons of high-performance coatings and 5,000 tons of PVC sealant after it starts operating," said Li Dongdong, manager of PPG Industries' engineering department.

 

In the first quarter of the year, a slew of big projects settled in Zhangjiagang, including Han's Group's lithium carbonate project and a new eastern China headquarters for freight company Huolala.

 

In June, during Q2, the Zhangjiagang FTZ held a construction commencement ceremony for 23 projects covering new materials, new energy, modern logistics and semiconductors.

 

"In the third quarter, a total of 22 major projects, including DuPont's China manufacturing base and Han's Group's lithium carbonate project, started construction," said Lu Chongmin, deputy director of the Zhangjiagang Free Trade Zone Administration.

 

He added that another 25 projects, including phase one of a hydrogen energy project of CRRC (Suzhou) Hydrogen Power Technology Co, completed construction and started operations during Q3.

 

Already projects have signed up in Q3 to move to the zone. "More than 10 projects with foreign investment exceeding $100 million were introduced," Lu said.


 

 


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