Foreign companies confident in SND

Foreign companies in Suzhou New District are busy expanding production and competing for orders, local media reported on Feb 18.

CAREL Electronics (Suzhou) Co., Ltd, a wholly-owned subsidiary of Italian CAREL, was recently recognized as a "Demonstration Enterprise for Enhancing Quality and Efficiency in SND."

CAREL is a world leader in air conditioning, refrigeration, and heating control solutions, as well as humidification and evaporative cooling systems. Its products and solutions are widely used in commercial, industrial, and residential settings.

In 2023, CAREL Electronics is opening multiple channels to explore foreign trade markets, aiming to achieve a year-on-year growth of 18 percent in foreign trade shipments for the full year.

HL Klemove Electronics (Suzhou) Co was established in 2011 and was also honored with the title of "Demonstration Enterprise for Enhancing Quality and Efficiency in SND.” Its parent company is South Korea's HL Klemove. With over 1,900 employees worldwide, the company has four factories, as well as nine research and development centers, with its main business in unmanned driving, automotive electronics, and mobile platforms.

In 2023, HL Klemove Electronics (Suzhou) Co will add new high-end intelligent automotive electronic products and new energy vehicle supporting product lines. It is expected to achieve 280 million yuan ($40.82 million) in first-quarter sales revenue.

Official statistics show that to date, SND has accumulated more than 1,800 foreign-funded enterprises, with nearly 30 provincial and municipal cross-border corporate headquarters, as well as over 60 investment projects from the world's top 500 enterprises.