At the same time, the company intends to set up a holding subsidiary with non-related parties in Jiangzhou District, Chongzuo City, with a registered capital of 50 million yuan for the project company.
It is understood that improving production capacity, actively improving the layout of production bases, and gradually implementing the national layout strategy are the company's medium-term development plans, and the landing of this project is an important part of the company's comprehensive implementation of the national layout strategy.
In August 2021, the company signed an investment agreement with the People's Government of Wangdu County, Hebei Province, and the company's North China Base settled in Wangdu County, and the first phase of the North China Base project is currently under construction and is expected to be put into operation in the second half of 2022.
The implementation site of this project is located in the southern part of the mainland, adjacent to the border of Vietnam, with convenient transportation and convenient export of products after the completion of the project, which will help the company to develop the Southeast Asian market. It will also help the company to increase its market share in South China and consolidate the radiation capacity of the company's products to the central and southwest markets.
This article originated from Capital State
![Simao District Tea City Party Building Library: "Red Engine" empowers the construction of "Red Front"[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)