Fengxian kicks off new batch of 48 industrial projects

Jul 5, 2019

Fengxian kicked off a batch of new industrial projects on July 3.

Located in the western part of the district, the 48 projects, with a total investment of 10.3 billion yuan (US$1.5 billion), are mostly in the Oriental Beauty Valley Cosmetic Industrial Park and Future Space, the auto industrial park.

Mageline, a domestic cosmetic brand, was among the projects and began construction of a new plant. Covering an area of 52,000 square meters, it will be a complex integrating research and development, manufacturing, warehousing and operations.

Fengxian has put in a good performance in terms of the real economy in the first half of the year, reaping 14.7 billion yuan of industrial revenue from January to May, up 18.5 percent from the same period last year.

The suburban district said it will guarantee the smooth progress of all the projects.

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