The ground-breaking ceremony of the Wuxi Jiangxi Intelligent Manufacturing Technology Park of Liando U Valley is held in the Wuxi National Hi-tech District on May 21. [Photo/wnd.gov.cn]
Construction started on the Wuxi Jiangxi Intelligent Manufacturing Technology Park of Liando U Valley in the Wuxi National Hi-tech District on May 21.
The industrial park, covering an area of 68 mu (4.5 hectares), will be a new type of intelligent manufacturing cluster that integrates high-end manufacturing, research and development, testing, productive services, and operational service platforms. It will focus on internet of things, intelligent equipment, and semiconductors.
The park is expected to generate 800 million yuan ($112.1 million) in annual output, according to officials.
This is the third project in Wuxi that has received investment from Liando Group. Liando Group is a company that focuses on the operation of industrial parks, financial investments, and the production of template steel-structures. Liando U Valley has invested in over 210 industrial park projects in over 40 cities throughout China.