Two of Fortune 500 Registered in Shengpu Township
The registration procedure of two foreign-funded enterprises was recently completed in Shengpu Sub-region of SIP, both owned by American companies from the Fortune 500. One is an aluminum fasteners system manufacturer invested by American Aluminum Group, which ranks 229th, and the other, a plant relocated from Suzhou urban district, is a joint venture between Jiangsu Chemical & Insecticide Group and an American food machinery and chemicals company that ranks 386th in the Fortune 500. The former will chiefly manufacture fasteners in the aviation and commercial fields, and the latter's product will be plant protection agents of all kinds.
With a new upsurge in marketing for foreign investment in SIP, Shengpu Township has achieved remarkable results in attracting investment from the outside. Since 2002, over 500 overseas and domestic enterprises have settled down in Shengpu Township’s development zone, so far with an area of 8,000 mu with complete infrastructure.