Xinhua Silk Road: Touch screen manufacturer boosts industrial chain dev’t in east China’s Rizhao

BEIJING, Dec. 13, 2023 /PRNewswire/ — Located in Rizhao City, east China’s Shandong Province, Dongshen Haiyue Electronic Technology, a touch screen manufacturer, received tentative orders worth over 100 million yuan (about 13 million U.S. dollars) in the first three months of its operation.

Founded in 2022, Dongshen Haiyue is committed to high-end touch screen, integrating R&D, production and sales. With competitive products widely used in smart wearable devices, mobile phones, tablets, and vehicles, it works closely with major smart terminal companies at home and abroad, such as Huawei, Foxconn, Samsung, and Toyota.

Thanks to the launch of the company, the Shibei Economic Development Zone in Rizhao has cultivated an industrial cluster through gathering upstream and downstream products, extending industrial chain and supporting pillar industries.

The enterprises along the industrial chain have worked together on projects, which are expected to generate an annual sales revenue of 150 million yuan and provide jobs for more than 600 people.

Likewise, another project also creates snowball effect on the surrounding areas. The smart end production base project, settling down in Rizhao Zero-emission Smart Industrial Park, struck deals with four upstream or downstream partners, with a total investment of 1.6 billion yuan.

The project will seek a total of 10 to 15 enterprises along the industrial chain to foster an industrial cluster of digital industry in Wulian County in Rizhao City, according to Wu Guangfeng, the head of the county.

He added that the county has selected nine key industrial chains including automobile, modern agriculture, cultural and healthcare tourism, green mineral, and rock material, based on its natural endowment and development path.

The county has also beefed up efforts to improve the business environment and attract investment. With all these efforts, the county saw 59 newly-signed deals with a total investment of 49.3 billion yuan in the first 10 months of this year. During the same period, the ongoing projects totaled 90, with a total investment of 20 billion yuan, up 19.5 percent year on year. Since 2023, the total number of new market entities totaled nearly 4,970, making the total amount of market entities of the county 47,224.

Original link: https://en.imsilkroad.com/p/337537.html

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SOURCE Xinhua Silk Road