A total investment of 1 billion yuan! Country star power intends to invest in the construction of production base in East China

Yesterday (28) evening, nationstar announcement, the company recently with the Zhejiang Haiyan Economic Development Zone Management Committee (hereinafter referred to as "Haiyan Economic Development Zone") signed a letter of intent "investment". The two sides through friendly consultations, mutual benefit and common development based on the principle that the plan to establish a strategic partnership, the company intends to invest in East China production base in Haiyan Economic Development Zone of Zhejiang.

According to the announcement, the project name is nationstar epitaxy, chip and packaging application of East China base project (tentative name, specific to the approval or filing the project name.). The project plans a total investment of 1 billion yuan, construction plan in three phases, the project of new land area of about 124 acres (specific to the housing sector red line area shall prevail), land for the nature of the state-owned industrial land transfer, industry positioning for electronic manufacturing industry. The project construction period of 5 years.

It is reported that Haiyan Economic Development Zone Management Committee for the provincial Economic Development Zone in Zhejiang Province, built in July 1992, is located in the northern end of the Hangzhou Bay Bridge, adjacent to the national first class open port of Jiaxing port, the total planning area of 34.7 square kilometers. Haiyan Economic Development Zone, adhere to the "to improve the quality of absorbing foreign capital, to the development of modern manufacturing industry, in order to optimize the export structure, committed to the development of high-tech industry, is committed to the development of high value-added services", promote the development zone to multi-purpose comprehensive industrial zone transformation, and focus on the cultivation and development of the LED industry.

Nationstar said, the domestic LED market development has entered a sustained demand penetration and promotion, supply continues to accumulate to a new stage of leading enterprises, the overall size of the industry continues to expand, the enterprise layout in the middle and lower reaches of the whole industry chain integration are frequent. LED company in management, technology, market and other aspects of continuous reasonable grasp of rhythm, balance the relationship between development and risk, its strategic development planning based on the consideration from the three aspects of location, business environment, enterprise operation status, the company with Zhejiang Haiyan Economic Development Zone Management Committee signed the "book" and the intention of the project investment the plan to establish a strategic partnership, will help the company to optimize the layout of the regional strategy to enhance the business scale and improve the business structure, the integration of existing resources, to further enhance the company's comprehensive strength and competitiveness.

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