Registered for US$47 million, a new base for ITW welding materials and welding machines in the United States was signed and settled in the Suxiang Cooperation Zone

Registered for US$47 million, a new base for ITW welding materials and welding machines in the United States was signed and settled in the Suxiang Cooperation Zone

At the beginning of the new year, the Soviet-Xiangmen Cooperation Zone project attracted “acceleration”. Following the signing of the Trelleborg Group’s new base project on January 4, on January 5, the US ITW also settled the new base project of welding consumables and welding machines in the cooperation zone.

It is reported that ITW is a Fortune 500 multinational industrial product manufacturer founded in 1912 and headquartered in Chicago, Illinois. The company has more than 43,000 employees worldwide and total revenue of 12.6 billion U.S. dollars. Its business covers 52 countries including North America, Europe, the Middle East, Africa, Asia Pacific and other regions, covering areas including auto parts, aerospace technology, bridges and petrochemicals Welding materials for pressure vessels, medical care, construction supplies, testing instruments, etc. are indispensable items in our lives.

Tiantai Welding Materials Co., Ltd. belongs to ITW Welding Division, which is an important business branch of the division in Greater China. Its core products include carbon steel flux cores, stainless steel flux cores, hand electrodes, self-protection products and other welding materials and welding machine integration Equipment, in Shandong, Suzhou, Shanghai and Zhejiang, there are many business branches and ITW welding Asia R&D center has been set up.

Its products are positioned in high-end markets such as petroleum, offshore engineering, shipbuilding, energy, etc., serving customers include: CNOOC, CNPC, Sinopec, China State Shipbuilding Corporation, General Electric, TEG Marine and other well-known companies at home and abroad, in the same industry Leading.

According to business development needs, ITW Welding Division will purchase about 70 acres of land in the cooperation zone and build a factory and R&D center as the company’s headquarters in Greater China. The project has a registered capital of 47 million US dollars.

“During the project docking process, the enthusiasm, professionalism, and frankness of the management committee staff impressed us deeply. The modern management concept of the cooperation area, as well as the hardware and software facilities are also very compatible with the development positioning of our new project.” ITW Welding Song Ling, vice president of the China region, introduced that the settlement of this new project is an important step for ITW China to achieve industrial upgrading and complete product restructuring.

Xia Jun, chairman of ITW China Investment Corporation, said that ITW has business units in 57 countries around the world, and Suzhou is the most important business branch of ITW in Greater China. After the cooperation zone project is completed, the enterprise will give full play to its advantages in technology and product research and development, put into production as soon as possible, and make contributions to the cooperation zone in terms of industrial output value and tax per mu.

The Suxiang Cooperation Zone is the first “special policy zone” that has been independently planned since the beginning of Suzhou’s land and space planning. It has the “blessing” of the advantages of Suzhou Industrial Park and Xiangcheng District, and has superimposed advantages in transportation, cost, and ecology. It has gradually emerged and is entering a new stage of rapid development.

Currently, the Soviet-Xiangmen Cooperation Zone is seizing major national strategic opportunities such as the integrated development of the Yangtze River Delta, and vigorously developing leading industries such as a new generation of electronic information technology, high-end equipment manufacturing, and new materials. A large number of foreign-funded enterprises, including Italy Rantic, have settled in, and the project has attracted into the “fast lane”.

(Source: Modern Express All Media)