In accordance with the “4+1†blue industry system development strategy, Rizhao Economic and Technological Development Zone has vigorously introduced and cultivated enterprise projects with first-class core technologies and mature product brands, and enhanced its ability to withstand economic and market risks through large projects and good projects. The auto parts industry, which is the mainstay of the industry, has made great efforts to achieve strong growth. In the first 9 months, 12 Korean-owned auto parts enterprises above designated size achieved a total output value of 8.566 billion yuan, which was higher than last year's total.
The backbone enterprises are the key to industrial growth. In order to support the development of key enterprises, the various departments in the district provide a bridge for corporate finance and fully support enterprises in adjusting their production structure, optimizing resource allocation, and creating a favorable environment for enterprises to invest in and work comfortably. As the backbone of the industry, Hyundai Weiya entered the 7th year, creating a “vehicle speed†from a factory at the beginning of construction, a dozen people to eight factories now, and more than 1200 people. This year, orders have been filled for the whole year. It is estimated that 550,000 engines will be produced, with an output value of nearly 8 billion yuan. This will lead to rapid growth in supporting companies such as Ataco and Sambo.
New production enterprises are the source of vitality for industrial growth. The district has promoted the rapid production and efficiency of new projects as a powerful driving force for economic growth. In the auto parts industry project, the company has achieved full coverage of key project leader guarantees, promoted the responsibility of the project promotion service center, and first-line services. Several functional departments have provided supporting and related construction guarantees, and achieved the production of more than two new projects each year, becoming Inexhaustible source of industrial growth. This year's modern production of Wotai automatic transmission mass production, the first 9 months is expected to produce 155,000 units of transmission, is expected to produce 292,000 units throughout the year, driving the industry's new output value of 3.5 billion. The three plants of WIA Engine and the rough three plant will be put into production soon, with an annual capacity of 300,000 new engines and a total engine capacity of 780,000 units.
New investment projects have made the industry very dynamic. In order to give full play to the leading role of existing engine, transmission, transmission, and other automobile core parts and components projects and demonstrate the industrial clustering effect, the district has kept a close eye on the investment trends of Hyundai Motor Group in South Korea, connecting with Hyundai Group for many times, and attracting more supporting facilities. Enterprises settled in, and Hyundai Motor Group together to create 100 billion "automobile core components production base." At the same time, accelerating the development of supporting industries, and building the first phase of the Sino-Korea Auto Parts Industrial Park, the second phase of construction has been initiated, and supporting road projects and village relocation are being accelerated. At present, the modern Paotai Transmission Plant No. 2 has started construction and the total production capacity will reach 800,000 units. Hyundai Moss built a new manual transmission and splitter production line with an annual production capacity of over 100,000 units and an output value of approximately 400 million yuan. Southeast Casting and Kaifeike Auto Parts have successfully settled. The total output value of the auto parts industry is expected to reach 12 billion yuan, forming three large-scale backbone enterprises with an annual output value of over one billion yuan and six small and medium-sized enterprises with a total value of more than one billion yuan, becoming an important pillar industry in the region.
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