On the afternoon of the 23rd, a signing ceremony was held in Zhengzhou as part of the Zhengzhou Airport Economic Comprehensive Experimental Zone, where the Youjia Industrial Group and its cooperative enterprises announced a major investment of $1 billion to build the "Youjia Precision Machinery Industrial Park" within the experimental zone. This significant project aims to boost the local economy and enhance the development of the machinery manufacturing industry in Henan Province.
Wu Tianjun, a member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, along with several other high-ranking officials including Sun Yanxi, Mayor Ma Wei, Hu Wei, Wang Yuehua, Zhang Yanming, Ma Jian, Zhu Zhiyang, Chen Xiangrong, and Guo Zhenyu, were present at the event. The leaders expressed their full support for the project and pledged to assist the company in overcoming any challenges during the development process.
In his speech, Hu Wei emphasized that the construction of the industrial park will play a crucial role in promoting economic growth in the experimental zone and elevating the level of the equipment manufacturing sector in Henan. He also highlighted the commitment of the airport experimental zone to provide an optimal business environment and strong policy support to ensure smooth operations for the company.
Youjia Industrial Group is a globally recognized enterprise, known for its wide range of products, including precision machinery, electronics, energy-efficient lighting, and metal processing. It has become one of the most comprehensive CNC machine tool manufacturers in the world. The new industrial park in Zhengzhou will include two main components: the group’s own production base, which will initially invest $1 billion, and a cluster of supporting enterprises from countries such as the United States, Russia, Germany, Italy, and Japan, focusing on upstream and downstream production related to the main factory.
This development marks a major step forward for both the experimental zone and the broader regional economy, signaling increased international collaboration and investment in the area.
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