By Li Tong

On 16th September, phase 2 project of SFS Group from Switzerland - Unisteel Technology (China) Co., Ltd. went into operation officially.

Unisteel Technology settled in Su-Xi-Tong Industrial Park in 2017. The total investment was 300 million U.S. dollars. The phase 1 project covers an area of 135 mu. It went into production in 2019. It mainly produces precision fasteners, precision engineering parts, and injection-molded parts. Last year it realized a sales of 1.8 billion yuan. The phase 2 project covers an area of 33 mu. It works on building a first class research and development, and manufacturing technology platform for key precision parts which are relevant to domestic electronics, automobile and medical industries.

Foreign invested enterprises are important powers of the high quality economic development of Nantong. Up to now, Nantong has actually used foreign investment of over 50 billion U.S. dollars. In the first half of the year, 53 foreign invested projects of over 30 million U.S. dollars were signed and registered for the first time in Nantong. Nantong, which is becoming more and more open, has become a preferred place of investment for foreign merchants.