On August 5th, a cooperation agreement was signed by the administrative committee of Anhui Free Trade Pilot Zone Wuhu Area and Wuhu Fuchun Dyeing and Weaving Co., LTD. Investment Cooperation and the ceremony was held at the comprehensive center of Free Trade Zone Wuhu Area. Zhang Feng, chairman of Wuhu Municipal Committee of CPPCC and He Peifu, president of Wuhu Fuchun Dyeing and Weaving Co., LTD attended the signing ceremony.
According to the agreement, Wuhu Fuchun Dyeing and Weaving Co., Ltd. will use the relevant import management policies of Wuhu Comprehensive Bonded Zone to build an international advanced intelligent precision spinning production line and realize the high integration of industrialization and information. After completion of the project, it is expected to create about 600 new jobs, with an annual output of about 86,000 tons of cotton yarns and an output value of about 2.8 billion yuan.
Since the beginning of this year, according to the “double recruitment and double introduction” work deployment conducted by Wuhu Municipal Party Committee and Municipal Government, the administrative committee of Anhui Free Trade Pilot Zone Wuhu Area cooperated closely with Jiujiang District Government and remarkable achievements have been made in investment promotion. As of July 31, 157 investment projects have been completed in the area, with a total amount of 178.811 billion yuan. Focusing on Wuhu Comprehensive Bonded Zone, there are 35 projects with fixed asset investment of about 4 billion yuan and annual import and export value of about 500 million US dollars.
Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government