Accompanied by the governmen officials from Changxing Economic and Technological Development Zone, the delegation from InvestCHN and Zugs GmbH visited Zhejiang Sino-German (Changxing) International Industrial Co-operation Park.

Participants

InvestCHN: Chase Wu, Founder

Zugs Gmbh: Luis Trenker, Sales Director of Zugs China

Changxing Economic and Technological Development Zone: Shaohua Zhang, Deputy Secretary of CPC Committee & Deputy Executive Director of CPC Management Committee; Jieping He, Member of CPC Committee and Deputy Director of Administrative Committee

Location

Zhejiang Sino-German (Changxing) International Industrial Co-operation Park

Invited by Changxing Economic and Technological Development Zone, InvestCHN and Zugs Gmbh attended “Changxing International Investment & Trade Fair - Pearl of Taihu Lake 2020” and “2020 Automotive Industry Digital Forum”, and signed the investment agreement during the event.

Participants

InvestCHN: Chase Wu, Founder

Zug GmbH: Luis Trenker, Sales Director in China

Huzhou Standing Committee: Xiaohui Ma, Secretary

Huzhou Municipal People's Government: Genbao Shi, Vice Mayor

Changxing County Standing Committee: Weibing Zhou, Secretary; Weixin Wang, Member of CPC Standing Committee & Secretary of CPC Committee of the National Development Zone

Changxing County People's Government: Yiting Shi, Deputy Secretary of CPC Committee & County Magistrate

Changxing Economic and Technological Development Zone: Yu Zhang, Deputy Secretary of CPC Committee & Director of CPC Management Committee; Shaohua Zhang, Deputy Secretary of CPC Committee & Deputy Executive Director of CPC Management Committee; Jieping He, Member of CPC Committee & Deputy Director of Administrative Committee

Changxing County Business Bureau: Yiyuan Zhu, Director; Yongquan Qian, Secretary of CPC Committee

Location

Changxing Theater

Foreign Investor: Zugs GmbH (Germany)

Registered Capital: EUR 20 million

Total Investment: EUR 60 million

Estimated Annual Turnover: RMB 800 million

Estimated Annual Tax Revenue: RMB 80 million

EDZ: Changxing Economic and Technological Development Zone

Project Signing Date: October 31, 2020

Project Period: 125 days

Company Founded: 1857

Company Background: Zugs GmbH founded in 1857 based in Cologne, Germany. Since the beginning the Zugs series products have focused on mold processing and customer customisation through three modes, focus on the production of drainage systems by following the German production standards and develop produces. Currently, there are more than 3000 existing mature product models, which can be widely superimposed on office buildings, school, hospitals, supermarkets, star hotels, resorts, theatres, exhibition halls, railway stations, airports and other public buildings and villas, apartments, private residences etc.