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Guiyang project to generate annual output value of 10b

eguiyang.com.cn|Updated: November 8, 2024

Construction of research and development buildings, production plants, warehousing and logistics facilities, power facilities and supporting living facilities has been completed for the first phase of the Guizhou Aerospace Intelligent Manufacturing Industry Cluster located in the Guiyang Economic and Technology Development Zone in Southwest China's Guizhou province. The cluster is expected to be fully operational within the year.

The project's production modules include 27 newly built intelligent production lines and 23 intelligent production lines that have been relocated and renovated. The park's production efficiency, product qualification rate and logistics efficiency are expected to increase by over 30 percent, with operating costs decreasing by 30 percent.

Enterprises such as Guizhou Space Application Co and Guizhou Qunjian Precision Machine Co are expected to set up operations in the park with high-end electronic components and assemblies, precision sensors, measuring instruments, and precision small and special motors.

The project covers an area of 700,000 square meters, with a total investment of 4.4 billion yuan ($612.4 million). It is expected to have an annual production capacity of 120 million high-end electronic components, 340,000 precision small and special motors, 50,000 precision sensors and measuring instruments, and 4 million precision gears. It is expected to generate an annual output value of 10 billion yuan and contribute 1 billion yuan in taxes when operating at full capacity, as well as create over 3,000 jobs.