The first phase of Shangyin Suzhou Plant is now open. Estimated annual sales of RMB 2 billion.

From: Business Times Shen Meixing

In order to expand the mainland business map, Shangyin Group purchased 4 hectares of land in the Suzhou Industrial Zone and invested RMB 800 million to build the factory. Today, the opening ceremony was hosted by Zhuo Yongcai, Chairman of the Bank of Shanghai Group. Shangyin said that after the opening of the Shanghai Silver Plant Phase 1, the annual sales amount is estimated to be RMB 2 billion.

Zhuo Yongcai made a special trip to Nanjing to attend the Cross-Strait Entrepreneur Summit. He invited Taiwan Governor Xiao Wanchang and Vice Chairman Jiang Bingkun and Huaxin Chairman Jiao Youlun to attend the opening ceremony of the Shanghai Silver Factory.

Zhuo Yongcai pointed out that Shangyin is now the world's largest ball screw manufacturer and the second largest linear guide manufacturer. The Shanghai Silver Factory has set up operations headquarters, factories and logistics centers, as well as R&D centers and various robots. In the manufacturing plant, the factory begins with the production of ball screws, linear guides and other back-end processes, and gradually extends to the pre-process, forming a complete and consistent manufacturing plant, and R&D will be slowly established. In the future, it will be with Taiwan headquarters, Germany, Israel and Russia and other R&D centers have jointly developed and hope to make greater contributions to China's manufacturing of 2025 and to the world's manufacturing power.

Zhuo Yongcai, the chairman of Shangyin Group, hosted the opening ceremony of the Shanghai Silver Factory yesterday afternoon, inviting former Vice President Xiao Wanchang and others to attend. Figure / Shangyin provided

Zhuo Yongcai, the chairman of Shangyin Group, hosted the opening ceremony of the Shanghai Silver Factory yesterday afternoon, inviting former Vice President Xiao Wanchang and others to attend. Figure / Shangyin provided