| Major Business, Products and Scale: |
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Petroleum Machinery, drilling equipment, seabed drilling gear, manufacturing of valves and fittings.
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| Introduction to the Chinese party: |
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Jinhu EDC is provincial EDC, one of ten faith development zones of China, and a provincial ecological industrial park. The park’s planning area is 80 square kilometers, in which 20 square kilometers have been developed. We have been forming three leading industries and two Emerging Industries, which are machine manufacturing, cable instrument, new material, new energy and electronic information.
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| Background and development: |
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Jinhu machinery industry is with good foundation, well-stocked supply of raw materials, strong production capacity matching, rich human resources and lower cost of labor. Every project, with single investment more than $10 million, can enter Jinhu EDC, which will enjoy Jinhu government’s investment preferential policies. The project’s payback period will be in 4-5 years.
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