On the morning of December 27, witnessed by InvestCHN, SFC Group signed an investment agreement with the Yushan High-tech Industrial Development Zone in Changshu, Jiangsu Province.

  SFC is mainly engaged in the research and development, design and production of fasteners for automobiles, high-speed rail and power grid facilities. The main products include DFT LOCK fastening and anti-loosing products, Mathread patent authorization, and anti-explosion tire embedded metal parts. The main services are The end customers such as Great Wall Motors, SAIC Volkswagen, Tesla, Geely Automobile, Mazda, German Brose Automotive Seats, American ITW Group, German Kaile Jinba, American Hilti Group and etc. Currently, the Shanghai Jiading factory is operating normally, covering an area of 17 acres with an output value of 100 million Yuan.

  The contracted project intends to purchase 25 acres of land, with a planned total investment of 30 million USD and registration of 12 million USD, which will be used to meet the needs of Australia's SFC Group to expand its production scale. It is planned to be put into operation in early 2021.

  Feng Cheng, Secretary of the Party Working Committee of Yushan High-tech Zone, said at the signing ceremony that the introduction of the Australian Yingmu Corporation (SFC) project fully demonstrated that Yushan High-tech Zone is actively implementing the main line of the 12-character work Around the project, the department should revolve around the sector, and the service should revolve around the economic status. In the next step, Yushan High-tech Zone will continue to rely on existing industrial resources and development foundation, continue to make new breakthroughs in industrial agglomeration, enterprise innovation, transformation and upgrading, and promote the high-quality economic development of Yushan High-tech Zone to continuously create new “playground”.

  Zhang Suping, general manager of Australia SFC Group in China region, he said that choosing to settle in Changshu Yushan High-tech Zone mainly considers that there are many existing customers in the surrounding area, and more importantly, the good business environment and professional investment team in Changshu. Let him have confidence in the vigorous development of the enterprise in the future!

Participants

  InvestCHN: Chase Wu, Founder

  SFC Co.: Suping Zhang, General Manager in China region

  Yushan High-tech Industrial Development Zone, Changshu, Jiangsu Province: Feng Cheng, Secretary of CPC Working Committee; Zhiqiang Zhang, Deputy Director of Administrative Committee; Jian Xu, Director of Investment Promotion Bureau; Gang Cheng, Deputy Director of Investment Promotion Bureau