By Li Tong

On 14th June, the Unisteel automobile braking system core components project invested by SFS Group from Switzerland settled in Suxitong Science and Technology Industrial Park.

The total investment of the project is 100 million U.S. dollars. It is a new production line in Nantong that the Swiss SFS Group has further invested after the completion of the first and second phases of the project. The major product is ball screw, the core component of automobile braking system.

SFS Group from Switzerland is a globally famous precision parts manufacturer. Since it invested and planned in Nantong in 2017, it has repeatedly increased investment and expanded production for several times. The scale of the Nantong company has been expanding. It has become the largest manufacturing base of the group in the world.

Jens Breu, CEO of SFS Group, said that the group was very optimistic about the development prospects of Nantong, would continue to work in Nantong, expand investment and optimize its industrial layout, to promote more companies in the upstream and downstream of the industrial chain to settle and invest.