Groundbreaking Ceremony for the Second Phase Project of Dongguan Jinhongsheng Electrical Appliance Co., Ltd.
Release time:
2020-06-23
On June 3, 2020, Jinhongsheng held a groundbreaking ceremony, marking the start of construction for the second phase of its production facility. The project boasts a total investment of 300 million RMB (US$43 million).
On June 3, 2020, Jinhongsheng held the groundbreaking ceremony, officially launching the construction of Phase II of its production facility. The project boasts a total investment of 300 million RMB (US$43 million).
2020 was an extraordinary year. Facing the COVID-19 pandemic, our company’s entire team rose to the challenge with courage and determination, achieving rapid year-on-year growth in sales revenue by May. To ensure continued business expansion and meet the ever-increasing demand from customer orders, we’ve decided to invest in expanding production by adding two new eight-story industrial buildings—and one eight-story R&D building (planned as a national-level laboratory—aiming to establish a world-class lab)—on the vacant land within the existing factory premises’ boundary. The total area of these new facilities will reach approximately 120,000 square meters. The project requires a total investment of 300 million RMB (equivalent to 43 million USD), with 170 million RMB earmarked for this year alone. This initiative has received strong support from the local government of Changping Town, Dongguan City. Jin Hongsheng is honored to invite representatives from the town government, industry associations, businesses, and financial institutions to join us at this special ceremony.
During this event, Mr. Gao Yueping, Chairman of Jinhongsheng, delivered a compelling speech, sharing the company’s history and its plans for future growth. He also expressed gratitude to the leaders of Changping Town for their unwavering support. Jinhongsheng will continue to strive forward as always, contributing tirelessly to the development of Changping Town.
After the speech, a groundbreaking ceremony was held, followed by a group photo and firecrackers.
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