A joint industry project commencement ceremony was held at Suzhou FOHO New & Hi-Tech Industrial Development Zone. Four projects from YADELIN Machinery (Suzhou) Co., Ltd, Suzhou Wanshu Daily Necessities Co., Ltd, Suzhou Yixiangchunzhu Food Processing Co., Ltd and Jiangsu Langjun Washing Co., Ltd. did commencement at the same time. The total investment amount is RMB 1.1 Billion.
The people who attended the commencement ceremony were the major leaders from FOHO New & Hi-Tech Industrial Development Zone and representatives of those four companies. Mr. Wu Xinming, secretary of FOHO New & Hi-Tech Industrial Development Zone and Mr. Shen Lingeng, president of YADELIN Company had made speech during the commencement ceremony. Mr. Shen Lingeng said that the total investment amount of YADELIN for this project is USD 90 Million; the registration amount is USD 47 Million. At this moment, YADELIN had already purchased 28 die casting machines, including 14 Buhler die casting machines from 530 ton to 3000 ton; 14 Toyo and Toshiba die casting machines from 350 ton to 800 ton. By purchasing those world first-class equipments, YADELIN Machinery (Suzhou) Co., Ltd will have strong ability to produce and process. The project will be completed in August 2014 and the expected annual sales will no less than RMB 1 Billion.
At the end of the ceremony, the major leaders from FOHO New & Hi-Tech Industrial Development Zone and representatives of those four companies wielded shovels for the foundation of the project, which indicated the joint industrial project officially started.