Jinpu launches Q4 projects, including major SKF plant

Jinpu New Area launched the groundbreaking ceremony of its major projects in the fourth quarter on November 1.

In the first three quarters, Jinpu New Area has attracted 1,209 reserved projects (each with an investment of 5 million yuan or above), with a total investment of 1.15 trillion yuan, completing the annual target ahead of schedule; the investment in fixed assets reached 36.38 billion yuan, a year-on-year growth of 15.2 percent. 

In the fourth quarter, Jinpu New Area launched or was about to launch 52 projects, a year-on-year increase of 30 percent, with a total investment of 22.4 billion yuan, up 234.3 percent year on year. They included among others the SKF phase IV Dalian new plant as well as the Chery auto parts industrial park.

The SKF phase IV Dalian new plant covers an area of 90,000 square meters and is expected to be completed in 2024. It will boost the region’s industrial manufacturing, such as wind electricity, railway, heavy industry machinery and mining machinery. After its completion, the SKF Dalian plant will be SKF’s largest industrial bearing production base in the world.