Xinyuan Technology is stationed in Fuyang and will build two major projects

- Jul 03, 2019-

On June 21, Xinyuan Technology (300472.SZ) announced that it had signed the “Investment in Intelligent Equipment Production Project and Waste Tire Recycling Smart Factory” with the People’s Government of Yicheng City, Hubei Province and Beijing Klintaier Environmental Protection Technology Co., Ltd. Project Cooperation Framework Agreement.

The agreement consists of 2 projects. Among them, intelligent equipment production projects include commercial display systems, industrial robots and ski machine production. Xinyuan Technology independently invests or joint venture with Yicheng People's Government. The project is located in Yicheng Economic Development Zone, Fuyang, Hubei, with a leased factory of 30,000 square meters. The leased plant related matters will be signed separately.

The Waste Tire Recycling Smart Factory Project is jointly established by the three parties. The site is located in the Lei Da Industrial Park, covering a total area of 300 mu, including 100 mu in the first phase and 200 mu in the second phase. The specific location is issued by the municipal planning department. The red line chart shall prevail.

The land use of the two projects is industrial land and the service period is 50 years.

The announcement stated that the investment direction and cooperation mode involved in the “Cooperation Framework Agreement” signed this time are in line with the company's business development direction and strategic positioning. The effective implementation of specific projects in the future will help enhance the company's market share and brand influence in the smart equipment market, enrich the company's technology accumulation and service experience in the intelligent manufacturing field, and promote the long-term healthy and stable development of the company's main business, and the company's business development. Will play a positive role.

Beijing Wanxiang Xinyuan Technology Co., Ltd. was established in 2003 and is headquartered in Beijing Zhongguancun Science and Technology Park. It is a national high-tech enterprise. In 2015, it was successfully listed on the Shenzhen Stock Exchange.

Xinyuan Technology is an innovative high-tech enterprise integrating R&D, design, intelligent manufacturing, system integration and operation and maintenance services. Its products cover environmental management, high-end intelligent manufacturing, intelligent control, and cloud computing big data information technology.