Use foreign capital to build Asia's largest non-woven fabric production base

Business News, December 22, thanks to the excellent development environment and perfect supporting services of Nantong Economic and Technological Development Zone, Toray High-tech Poly (Nantong) Co., Ltd. just added a second polypropylene spunbond non-woven production line at the beginning of the year Under the circumstances, an investment plan was made last month to add a third production line. It was decided to increase the capital by 58.85 million U.S. dollars and set up an annual production line of 20,000 tons of PP non-woven fabrics for sanitary and medical use, and build the largest non-woven fabric production base in Asia. In recent years, a number of foreign-funded projects with large-scale investment, high industrial level, and strong driving ability have come to settle down and develop on a rolling basis. The foreign-funded economy has become an important force in Nantong's economic development, effectively promoting the optimization of the city's industrial structure.　　 The degree of open economy development is an important indicator to measure the level of economic development of a region. During the'Eleventh Five-Year Plan' period, the use of foreign capital in Nantong City has generally shown a good momentum of sustained development on a high platform. It is estimated that the city’s agreed use of foreign capital is 30.2 billion US dollars, and the actual use of foreign capital is 13.1 billion US dollars, which are 2.5 times and 3.5 times of the'fifteen' respectively, accounting for 65.2% of the city’s total agreed use of foreign capital and 66.8% of the actual use of foreign capital since reform and opening up . In 2007, the city's actual utilization of foreign capital was US$3.117 billion, ranking second in the province in total, and ranked among the top 10 largest and medium-sized cities in the country for actual utilization of foreign capital. According to data provided by the Nantong Municipal Bureau of Commerce, during the 11th Five-Year Plan period, a total of 1230 new projects with a total investment of over US$10 million are expected to be approved, which is 2.2 times that of the “Tenth Five-Year Plan”. Among them, 100 projects are over US$30 million. It is 1.7 times that of the 'Tenth Five Year Plan'; Oji Paper has become Japan's largest industrial project invested in China.　　With the gradual improvement of the investment environment in Nantong City, the ability to manage foreign investment has continued to increase. While the number of foreign investment projects has increased, the quality has also improved rapidly. During the five years of the 'Eleventh Five-Year PlanCompanies have taken root. According to statistics, a total of 580 tertiary industry projects have been introduced, which is 1.6 times that of the “Fifteenth Five-Year Plan”; the accumulated actual foreign investment of US$3.6 billion has been introduced, which is 7.2 times that of the “Fifteenth Five-Year Plan”. Among the manufacturing projects, there were 190 manufacturing projects for communications equipment, computers, instrumentation and other electronic equipment, and the actual use of foreign capital was US$560 million, 1.1 times and 2.5 times that of the '15'.