Miluo Industrial Park attracts over 2b in investment

Miluo Industrial Park has introduced nine industrial projects, including U-Crown Industrial Group, Myhome Real Estate, and Shanghai Lepu Express Delivery, and has received a total of 2.24 billion yuan ($328.2 million) in investments since it was built in 2013.

Located in the Changsha Economic and Technological Development Zone, Miluo Industrial Park covers an area of 19 square kilometers and focuses on the development of advanced manufacturing, electronic information, new materials, healthcare and other strategic emerging industries.

The park, which was jointly built by the Changsha Economic and Technological Development Zone and the Miluo municipal people's government, has recently invested 1.4 billion yuan in the construction of infrastructure and ancillary items to attract investment.

Seven roads have been completed and opened to traffic in the park. The second phase of the road project is coming along steadily, as are the investment center, multistory factories, sewage treatment plant, water supply plant and resettlement areas. By the end of the year, the park's infrastructure is expected to be able to meet the needs of the enterprises stationed there.

Nine projects have been introduced to the park, namely U-Crown Industrial Group, Myhome Real Estate, Lepu Express Delivery, Ji'er Runke lubricating oils, Jingsicheng defense equipment, Trina Solar PV power, ALC new building materials, dry-mixed mortar, and the ubiquitous energy network of ENN Group.

The first phase of the U-Crown Industrial Group project began in May 2017, and the annual output value is expected to reach 500 million yuan this year. The second phase, with an investment of 260 million yuan, is expected to begin this year. It is estimated that the annual output value will reach 680 million yuan after completion.

Other projects will begin by the end of the year. A number of projects, such as the Liando U Valley Industrial Park, Shenzhen Petrochemical Printing and Packaging, and Kimma Intelligence, are currently under negotiation.

Next, Miluo Industrial Park will formulate preferential policies for industrial transfers and attract high-quality industries to the Changsha Economic and Technological Development Zone to carry out industrial transfers. It will strive to introduce at least 10 projects with over 100 million yuan in investment, with particular emphasis being placed on projects with over 500 million yuan in investment.