The LED sapphire substrate project, which has received a substantial 5 billion yuan investment from Nanjing Gaojing Transmission Equipment Manufacturing Group Co., Ltd., has officially been signed and established in Qingshan District, Baotou. Once completed, this ambitious project will have the capacity to produce up to 25 million LED sapphire substrates annually, generating an impressive annual sales revenue of 10 billion yuan. During the signing ceremony, the Baotou Municipal Government expressed its commitment to ensuring excellent service and support, urging all relevant parties to work diligently towards the swift realization of the project. Meanwhile, Nanjing Gaojing Transmission Equipment Manufacturing Group assured everyone of their dedication to expediting the commencement of construction in order to contribute significantly to Baotou's economic growth.
Nanjing Gaojing Transmission Equipment Manufacturing Group is widely recognized as a pioneer in the research and manufacture of industrial gear transmission equipment within China. By 2010, the company had amassed total assets amounting to 15 billion yuan, achieving sales revenue of 10 billion yuan and securing a spot among the top 35 companies in the prestigious list of China’s Top 100 Machinery Industry enterprises. Entering the field of LED sapphire substrate production marks a bold new chapter for this established firm, further diversifying its portfolio and strengthening its position as an innovative leader in advanced manufacturing.
As part of our ongoing efforts to promote sustainable development and technological advancement, we are thrilled about the potential this project holds not only for our business but also for the broader regional economy. With unwavering determination, we aim to leverage our expertise and resources to deliver high-quality products while fostering collaboration across industries. We believe that this initiative will serve as a catalyst for future innovations and help establish Baotou as a hub for cutting-edge technology and manufacturing excellence.
In closing, we would like to express our gratitude to all stakeholders involved in making this milestone possible. Your continued support and cooperation are invaluable as we embark on this exciting journey together. Let us remain committed to excellence and integrity as we strive toward realizing our shared vision for a brighter tomorrow.
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