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Geographical Benefits and the Unity of People leads to win-win Results | Qingxian Zeming Langxi Electronic Devices Co., Ltd. Successfully Signed the Electronic Component Production Project

2021.08.20
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Recently, Song Chaoyang, chairman of Sanyou Corporation Limited (hereinafter referred to as "Sanyou Lianzhong"), Wang Mengjun, deputy GM, Guan Zhongliang, infrastructure director, Han Zhixin, GM of Qingxian Zeming Langxi Electronic Devices Co., Ltd., Yao Fengcheng, sales president, and Shen Xiaofeng, human resources manager, and Hebei Qingxian County Government Secretary Li Guojun, Shili County Magistrate and other leaders attended the signing ceremony of "Qingxian Zeming Langxi Electronic Device Co., Ltd. Electronic Components Production Project" and witnessed the signature of “Qingxian Zeming Langxi Electronic Devices Co., Ltd. Electronic Components Production Project Investment Agreement” between Qingxian Zeming Langxi Electronic Devices Co., Ltd., a subsidiary of Sanyou Lianzhong(hereinafter referred to as "Qingxian Zeming") and Qingxian Economic Development Zone Management Committee.

Qingxian Zeming, a subsidiary of Sanyou Lianzhong, plans to invest in the transformers, relays and other electronic components production projects in the north of Beihuan East Road and the east of Central Street in the Southern District of Qingxian Economic Development Zone. The total investment amounts to 375 million Yuan, of which 280 million Yuan is in fixed assets; the construction area is not less than 130,000 square meters. The project land involved in the signed investment agreement covers an area of about 152 mu (subject to the actual measured area).

Qingxian County, under the jurisdiction of Cangzhou City, Hebei Province, is located in the eastern part of the North China Plain, with Cangzhou in the south and Beijing and Tianjin in the north. The industry is developing rapidly, the geographical position is superior, and the transportation is convenient. With the lofty development strategy, ambitious development plan and mature development environment policies formulated by the Qingxian government, Zeming Qingxian has achieved rapid development for many years with the support of the local government. In order to cooperate with the Qingxian government to further expand and develop the manufacturing base of electronic components, Qingxian Zeming will continue to increase local investment, build a new production base, take root in the local area of Qingxian County, and constantly accelerate the upgrading and technological innovation of the company's transformer and relay industry, We are determined to develop Qingxian Zeming into a local backbone demonstration enterprise full of vitality and vitality, achieve a good situation of favorable geographical conditions and win-win results with the local government, and boost the better and faster development the local economy.

The signing of this investment agreement is conducive to accelerating the development of the company and meeting the needs of the company's business development for business land, which is in line with the company's strategic development needs. Relying on the advantages of Qingxian County in traffic location conditions and industrial policy support, and based on the electronic components industry such as transformer and relay, the company has gradually formed a coordinated development situation of upstream and downstream industrial chains of transformer and relay, further enhancing the company's R&D capabilities and product quality, achieving optimization and upgrading of product structure, and enhancing the company's core competitiveness.

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