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Shanghai Zhendong buys land usage rights
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Shanghai Zhendong Materials Technology Co Ltd last month completed the land usage rights transfer contract with Qibao Town.
Costing 155 million yuan (US$21.5 million), the new facility covers a land area of 4,668 square meters.
The company expects to complete the facility within two years, utilizing it as a center for R&D, sales and promotion.
Upon completion, the company plans to leverage this facility to step up R&D investment, expand its product portfolio and tap into the potential of products in new energy, aerospace and high-end equipment sectors.
Its current product lines include rigid and flexible mica materials, heating components and safety components that are widely used in power equipment, new energy vehicles, rail transportation, specialty wires and cables, smart home appliances, and other relevant industrial sectors.
The company has gained an official construction permit, and manufacturing is ready to be officially kicked off.
The government’s services have saved it a significant amount of time and avoided numerous issues, according to a company official.
Officials from Qibao have established a dedicated task force to provide comprehensive, full-service support throughout the entire process regarding the land transfer agreement and follow-up relevant permits.
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