While maintaining strict pandemic prevention and control, Quanzhou continues to push forward industrial development without pause. On February 25, Quanzhou launched its second batch of major project online signing ceremonies, under the theme of “Smart Leadership, Global Openness—Foreign Investment Session.” Quanzhou Party Secretary Kang Tao and Mayor Wang Yongli witnessed the signing via live video link from the main venue, connected with various sub-venues across the city.

During the event, government and corporate representatives from sub-venues successively signed cooperation agreements and showcased their results via video. A total of 71 major projects were signed across the city on that day, with a combined investment exceeding RMB 100 billion. Among them, 15 projects exceed RMB 1 billion, and 2 projects surpass RMB 10 billion, with the largest single project reaching over RMB 36 billion in investment.

Strong Confidence from Enterprises, Powerful Synergy Between Government and Business

On behalf of the CPC Quanzhou Municipal Committee and the Municipal Government, Kang Tao extended warm congratulations and heartfelt gratitude to all the entrepreneurs who signed contracts. He noted that the online signing event demonstrated strong investor confidence in Quanzhou and highlighted the collaborative momentum between government and enterprises to seize opportunities amid challenges.

He emphasized that the newly signed projects feature both quantity and quality, integrating high-tech innovation with traditional industry transformation, and collectively reflect strong vitality and promising prospects. These projects will become important growth drivers for Quanzhou’s industrial upgrading and high-quality development.

Seizing Opportunities Amid the Pandemic, Ensuring “Double Victories”

Kang Tao stated that since the beginning of the year, Quanzhou has been following the unified deployment of the central and provincial governments—ensuring pandemic control on one hand, and promoting economic growth on the other. As COVID-19 containment enters a normalized phase, it takes vision and boldness from entrepreneurs, as well as a wave of counter-cyclical investments, to seize the emerging opportunities.

Government departments at all levels will continue to proactively support investors, optimize services, establish “green channels,” and solve project-related issues point-to-point. The goal is to ensure that all signed projects start construction, commence production, and yield results as early as possible, striving for a “double victory” in both pandemic control and socio-economic development.

Strategic Emerging Industries Take Center Stage

A number of strategic and high-tech industrial projects featured prominently. Among them:

• Huayu Group signed an agreement with the Jinjiang Municipal Government to establish a High-Performance Fiber Composite Material Production Base and Corporate Headquarters, with a total investment of RMB 2.5 billion. The project will focus on R&D and manufacturing of fiber-reinforced composites used in wind energy, automotive, shipbuilding, and defense industries, and is expected to achieve RMB 5 billion in annual output upon completion.
• The Quanzhou San’an Micro-LED Joint Laboratory Project, located in the Nan’an division of Quanzhou Chip Valley, will focus on end-to-end development of Micro-LED display technology, solving key engineering challenges and accelerating pilot production and commercial application. The project aims to build a complete ecosystem from materials and processes to equipment, production lines, and intellectual property.

Other major tech-driven projects include:

• EMC 2.0 Packaging R&D and Industrialization Project
• High-Definition Laser Display Project
• Guosheng’s Annual Production of 1,500 Tons of EPP New Materials Project

These projects represent Quanzhou’s commitment to developing new drivers for economic growth.

Strengthening Traditional Industries, Expanding the Chain

Several large-scale counter-cyclical investment projects also seek to modernize traditional industries:

• China Textile Academy signed a strategic cooperation project for the industrialization of green fiber in Jinjiang, aiming to build a complete industry chain from fiber to fabric to garment to brand, enhancing product quality and core competitiveness of the region’s renowned textile sector.
• Nippon Paint, Asia Pacific’s largest coatings supplier by sales volume, will build a smart, eco-friendly coating production base in the Guanqiao Industrial Park of Quanzhou Economic Development Zone. The facility will produce new-generation latex paints, stone-like coating materials, specialty dry-mix mortars, and integrated insulation-decorative boards, with expected annual sales nearing RMB 1 billion after full operation.
• Anta’s project to upgrade its production line to 11 million pairs of sports shoes annually, and Huamin Technology’s project to upgrade its 2,500-ton mesh fabric production line, both exemplify the integration of smart manufacturing into traditional sectors, driving industrial modernization.

Reinforcing the Chemical Chain: Sinochem Quanzhou and More

Projects such as the Sinochem Quanzhou Chemical Fiber Project focus on reinforcing Quanzhou’s petrochemical and heavy chemical industries, by extending into new chemical materials, fine chemicals, and electronic chemicals, and speeding up the development of a complete industrial ecosystem.

Source: Quanzhou Net, Hui’an News Express