On the afternoon of July 2nd,Vast (China) Automotive Security System Co., Ltd and Jingzhou EconomicHigh-tech Zone officially signed an agreement to join hands to set up Vast Industrial Park to mainly manufacture automobile security and entrance controlling system products, which will contribute to the development of the automotive parts industry of Jingzhou.
Philip Dequike, Worldwide Chairman ofVast, President of Vast Alliance Company and Chairman of the Board of Vast(China) Co., Ltd, Cui Yonghui, Mayor of Jingzhou Municipal People’s Government,Jiang Hong, Member of Jingzhou Municipal Standing Committee and Secretary of Party Working Committee of Jingzhou Economic High-tech Zone, and Xiang Bin,Vice Mayor of Jingzhou Municipal People’s Government attended the signing ceremony.
Philip Dequike said in his speech that,by comparison, the reason that the company finally chose Jingzhou is theoutstanding regional advantage, complete automotive parts industrial chain aswell as the sound business environment in Jingzhou. The company has stayed committedto build its factory in Jingzhou as a production base that serves forautomobile manufacturers in central and west China. In the future, Jingzhouwill be a major part of its deployment in China. The company is of greatconfidence to its development in Jingzhou.
Cui Yonghui, on behalf of Jingzhou Municipal Party Committee and Government, extended his welcome to the visit of Philip Dequike and his party to Jingzhou. He said that, in recent years, Jingzhou’sautomotive parts industry has been under the stage of rapid development and has gradually formed a comparative complete industrial chain for it has gathered nearly 200 companies related to new energy vehicles and automotive parts withan expected output of RMB 50 billion. At present, the automobile market in China has been still under the phase of rapid development as well while the ecology, urban development, and transportation of Jingzhou has been in theperiod of speeding development and so does Vast. The bilateral cooperation ownsvast market, bright prospects, and huge potential. By taking this opportunity,Jingzhou will set up a comprehensive and multidimensional cooperation relationship. With the greatest sincerity and the best qualified service, itwill promote the project to be constructed and put into operation fast.
It is known that, Vast (China)Automotive Security System Co., Ltd is a foreign-owned company established byVast Alliance in China. It is also a high-standard and the only global integrated supplier of automobile security and entrance controlling system,mainly supporting for automobile brands such as FAW-Volkswagen, and Shanghai GM.Covering an area of 70 mu, the firstphase of Vast Industrial Park is about to be launched at the end of this year.After completed, it will output 18 million sets of automobile security andentrance system products per year.