In Sanjiao Town, the Groundbreaking Ceremony for Key Projects was held in the Gaoping Industrial Zone. [Photo by Xia Shengquan]

Signing and ground-breaking ceremonies were held in Sanxiang, Fusha and Sanjiao towns respectively on the morning of March 23, involving 110 projects with a total investment of over 22 billion yuan.

The Signing Ceremony for 2021 Trade and Investment Projects and the Groundbreaking Ceremony for Key Projects was held in Langhuanhu Science and Innovation Park, Sanxiang Town, with a total investment of 8.45 billion yuan for 40 projects. Among them,  Germany Severin Coffee Machine Manufacturing Base will be built and hopes to become the largest coffee machine R&D and production base in southern China with an investment of 1 billion yuan. Its estimated annual output value is over 3 billion yuan.

The 2021 Investment and Trade Fair, and the Groundbreaking Ceremony for Key Industrial Projects was held in Guangdong Xingda Hongye Electronic Co Ltd in Fusha Town. 40 key industrial projects with a total investment of nearly 6 billion yuan were unveiled, covering various industries such as information technology, biotechnology, wood panel furniture and intelligent manufacturing.

In Sanjiao Town, the Groundbreaking Ceremony for Key Projects was held in the Gaoping Industrial Zone. 30 key projects were involved, with a total investment of about 8.1 billion yuan. It is estimated that the new output value from these projects will be 10.3 billion yuan and the new tax revenue will be nearly 500 million yuan upon their completion. Among them, SF Express plans to invest 1.5 billion yuan on the construction of a SF West Guangdong Smart Supply Chain Science and Technology Innovation Headquarters Base. It is estimated that the annual output value of the base will reach 2.8 billion yuan once at full production capacity.