The festive celebrations have not dissipated yet. The Baohe District investment promotion work has another good news: Beijing Kaichuang Automotive Components Co., Ltd., Beijing’s largest auto parts company, recently signed an investment contract with Wangjiang Hotel and Baohe Industrial Zone. It is planned to establish "Kai Chuang Auto Parts (Hefei) Co., Ltd.", the first batch of registered capital of 5 million US dollars, a total investment of 15 million US dollars this project will be officially started in Baohe Industrial Zone during the year.
The project covers an area of ​​4 hectares and is jointly registered by Beijing Kaichuang Auto Parts Co., Ltd. and a Canadian company. It mainly produces automobile parts and components, and will form the entire process from design and development, manufacturing and manufacturing, inspection and testing to sales and service. The production system will be constructed this year and will be completed and put into production in 2005. The turnover in 2006 is expected to reach 200 million yuan, and the annual tax will reach 20 million yuan.
It is reported that the introduction of "Kai Chuang Auto Parts (Hefei) Co., Ltd." embodies the efforts of the main leaders of the region. Wu Guangchun, secretary of the District Party Committee and director of the Standing Committee of the District People’s Congress, remained attentive to attracting investment during the study period at the Central Party School and quickly promoted the Baohe Industrial Zone to negotiate with the company. The company’s responsible person was invited to the Baohe Industrial Zone during the National Day holiday. Upon inspection, the other party was deeply touched by the enthusiasm and sincerity of Baohe District's “pro-business, security business†and eventually signed an investment contract with Baohe Industrial Zone.