CFLD introduces 16B yuan ultrathin glass project to Nanxun
- By Zhu Bochen
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E-mail China.org.cn, September 9, 2019
A deal for a 16-billion-yuan project to produce ultrathin glass substrates (Phase I) was jointly signed on Sept. 6 by the People's Government of Nanxun district in Huzhou city of Zhejiang province, China Fortune Land Development Co., Ltd (CFLD), and Shenzhen Efonlong Optronics Display Co., Ltd.
As the first industrial project worth more than 10 billion yuan in Nanxun district, the deal will fill a gap in new display technology in Zhejiang province.
Xu Yuchen, CEO of Efonlong Optronics Display, said it was Efonlong's first manufacturing center in eastern China.
He also explained the reason for investing in Nanxun district.
"For one thing, Nanxun district enjoys a locational advantage in the coordinated development of Yangtze River Delta region, and we appreciate the support of local government. For another, the brand effect and the professional industrial service of CFLD also help us build confidence for our investment," Xu said.
Since the beginning of this year, CFLD has been introducing a series of major projects in its cooperation area, each worth more than 10 billion yuan.
Earlier on March 27, a cooperation deal was signed in Nanjing, Jiangsu province, by the People's Government of Lishui district in Nanjing, CFLD, and Sunwoda Electric Vehicle Battery Co., Ltd.
With an investment of 12 billion yuan, Sunwoda plans to establish the first manufacturing center for power batteries in eastern China.
In addition, on May 9, a 10-billion-yuan polarizer project involving investment by Hangzhou Jinjiang Group was officially launched in Changfeng New Industry City in Hefei, Anhui province, aiming to build a polarizer manufacturing center with the world's largest production capacity.
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