With 45.27 million yuan of funds raised on June 5, Jiangsu Tianzhu Medical Products Co., Ltd. invested 1 billion yuan to build 2 billion gloves, 3 billion balloons, 1.2 billion finger-set projects, and land acquisition. Projects and other payments have been settled.
Jiangsu Tianzhu is located in Suzhou Economic Development Zone, Jiangsu Province. The parent company is Hebei Tianzhu Medical Products Co., Ltd. located in Xiong'an New District.
The person in charge of Hebei Tianzhu told China Rubber Network that Xiong'an New District is a state-level new district with high starting point and high standard planning, and traditional production enterprises will face the pressure of transformation and upgrading. Although the country's special planning for Xiong'an New District has not been perfected, the specific environmental protection requirements have not been determined, but with the gradual advancement of the construction of the new district, it will certainly have certain impact on the company's sustainable operation.
At the same time, in recent years, the company's business has developed rapidly, the product sales situation is good, and it is already in a high-load operation state, the production capacity is almost saturated, and the existing production capacity is difficult to meet the growing market demand.
In view of the above two reasons, Hebei Tianzhu decided to respond to the national call and vigorously support the construction of the new district, and formulated an integrated two-wing development plan of “new district R&D and sales + extra-regional production”. On October 19, 2018, Sucheng District, Suqian City registered and established a wholly-owned subsidiary, Jiangsu Tianzhu.
Hebei Tianzhu said that it will expand its production capacity through new factories, not only to meet the future development needs of latex products, but also enhance the company's profitability and risk resistance.
According to China Rubber Network, on April 15, 2019, Jiangsu Tianzhu signed a land transfer contract with the relevant departments of Suqian City, and obtained 50 years of use rights with an area of more than 167,300 square meters. The transfer fee was more than 24 million yuan.
On April 7, 2019, at the groundbreaking ceremony of the major projects in the second quarter of 2019 held in Suzhou City, Jiangsu Tianhao Medical Products Co., Ltd. made a speech as an investor.