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Shu Dian Co., Ltd.: Subsidiary Kunshan Huliwei Electronics Plans to Invest 5.5 Billion Yuan in a Production Project
Shu Dian Co., Ltd. announced that its subsidiary, Kunshan Huli Microelectronics, plans to build a printed circuit board manufacturing project in Kunshan Comprehensive Bonded Zone. The total investment is approximately 5.5 billion yuan, including 4.5 billion yuan in fixed assets, with three phases of investment: 1 billion yuan, 1 billion yuan, and 2.5 billion yuan. In the second phase, about 67 acres of land and buildings valued at 119 million yuan will be acquired, along with an investment of about 200 million yuan to build a sewage treatment plant. The third phase involves acquiring about 155 acres of land and buildings valued at 146 million yuan. Once operational, the project is expected to generate an annual industrial output value of about 6.5 billion yuan. The Economic Development Zone Management Committee will award 0.3% of the excess benchmark output value, with a total of no more than 20 million yuan over five years, and will also award 10% for new equipment investments, with a total of no more than 40 million yuan over five years.