In the first quarter of 2023, the industrial investment in Jingzhou increased by 32.9% year-on-year, 23.1% higher than the provincial average, and the growth rate ranked 3rd in the province, achieving a good start.
In Jiangling County, at the construction site of Hualu-Hengsheng Group, the largest investment project in Jingzhou, thousands of workers have been working day and night. Currently, the first phase has entered in the final stretch and is expected to be put into trial operation in June. Hualu-Hengsheng Jingzhou Base is planned to be built into a clean and efficient coal gasification platform, carry out deep processing of syngas, and produce basic chemical raw materials such as ammonia, saturated monobasic alcohol, methylamine, DMF, acetic acid and functional fertilizer. Phase I of the project, after being put into operation, will achieve annual sales revenue of RMB 10 billion and tax revenue of more than RMB 1 billion.
In Songzi City, at the construction site of Yuntu New Energy Material Project with an investment of RMB 5.6 billion, plants were lined up and well equipped. After just one year of construction, some production lines have been put into operation. The 50,000-ton iron phosphate project was put into operation in last December, and the ore dressing project was put into operation in April this year. A 1.6 million-ton sulphur burning sulphuric acid plant has been completed and will be put into use in May this year. Yuntu New Energy Materials Project will be a main base for battery-grade iron phosphate, which can be supplied to new energy battery manufacturers nationwide. After completion, it will achieve annual sales revenue of RMB 8 billion and tax payment of RMB 500 million.
In Gong’an County, the main structure of the 250,000-spindle Intelligent High-grade Combing Compact Spinning Project invested by Hubei Jinan Textile Group was under intense construction. Cranes and ladder trucks moved back and forth in the plant. Workers were busy with steel reinforcement processing and structural outer plate removal. Currently, the main structure of 80,000-spindle workshop has been completed. The project covers an area of 380 mu with a total investment of RMB 1.2 billion. It is planned to build 4 workshops, 6 warehouses, as well as midnight shift building, office building, power distribution room, etc., covering a construction area of 200,000 square meters. It will be equipped with 410 sets of international and domestic intelligent and information-based high-tech equipment and testing instruments. The project, after being put into operation, will have an annual output of 25,000 tons of high-grade combed compact spinning yarn, generating additional revenue of RMB 1 billion.
In recent years, Jingzhou has reached a consensus on "Three Priorities" and achieved fruitful results in attracting investment. As the major projects were launched intensively in the first quarter of this year, 223 projects at an investment level of over RMB 100 million, registering a total investment of RMB 163.2 billion, were started. Among them, there are 2 major industrial projects with an investment of over RMB 10 billion.
According to the requirement of the CPC Jingzhou Municipal Committee and Jingzhou Municipal Government in term of planning, reserving, introducing and starting of the key major projects, Jingzhou has striven to achieve the goal of quarterly signing amount up to RMB 100 billion and the commencement of industrial projects worth RMB 10 billion each quarter, thus keeping Jingzhou’s industrial investment a steady growth on the whole.
In the first quarter, Jingzhou's industrial investment increased by 32.9%, 23.1% higher than the provincial average and 21.5% higher than the total investment growth, ranking third in the province. Among them, industrial investment accounted for 46.9% of Jingzhou's fixed assets investment, an increase of 7.5% compared over the same period last year. The sustained growth of industrial investment has become a powerful engine for Jingzhou's economic development.