Date: 2013-07-31

Foreign-funded Fastener Base Start Construction in Hangzhou

Foreign-funded Fastener Base Start Construction in Hangzhou

Three foreign-funded fastener base construction projects have started successively in High-strength Fastener Industrial Park in New Daqiao district, close to the Hangzhou bay. These projects mark the good beginning for attracting investment in the New Daqiao district.

The three projects are featured by extensive scale, heavy investment, advanced equipments, ideal profitability etc. The projuects are as following:

High-strength Fastener Production Project, namely the founding of Zhejiang Morgan Brother Science & Tech Co.,Ltd, aiming to produce 100,000 tons high-strength fasteners every year. This project is funded by Jiaxing Brother Standard Parts Co.,Ltd and Chen Morgan, an American business man. This project cost USD22 million in total, with registered capital of USD16.5 million, covered an area of 110.98mu (73,912.68 square meters).

This project was started in September 2006. So far, workplaces covering 20,000 square meters have been completed. The whole project are expected to be finished in middle March 2007.

Project of founding the company, Zhejiang Laibao Hardware Manufacturing Co.,Ltd, aiming to produce 400,000 tons high-strength fasteners every year. This one is funded by two individuals, Ji mingyang, from American, and Tang xiaoguang from Russia. This project cost USD29 million in total, with registered capital of USD16 million, covered an area of 107.38mu (71,515.08 square meters).

This project was started in Feb.27 2007. So far, workplaces covering 9,500 square meters are under construction, being expected to finish by the end of this July. The construction covering 15,000 square meters are going to start from the middle March this year.

Project of founding the company, Zhejiang Huigang Technology & Development Co.,Ltd, aiming to produce 25,000 tons high-strength low-carbon fasteners and 40,000 tons zinc for hot galvanizing every year.

This company is formed by STEEL GUARDCO.,LTD and American Amei International Trade (Hong Kong)Co.,Ltd. This project cost USD25.5 million in total, with registered capital of USD12 million, covered an area of 107.5mu (71,595 square meters).

This project was started in Feb.28 2007. So far, workplaces covering 18,130 square meters are under construction, being expected to finish by the end of this December.

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