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15 SIP Projects Added Under Provincial Torch Plan

Another 15 projects in SIP have been listed under the Provincial Torch Plan through the evaluation by experts. SIP has been making positive efforts to support the self-innovation of enterprises in recent years under new development requirements and opportunities, and as a result, a good number of projects have been carried out with independent intellectual property rights and good prospect for industrialization.

The 15 projects approved recently involve a total estimated investment of 270.54 million yuan RMB, and will yield 140 million yuan RMB profit and tax contribution upon operation. These projects belong to the technological fields of auto parts, electronic information, integrated optical and electronic machinery, and new materials. Among the projects under the torch plan are a number of auto industrial projects of major enterprises, such as Type KLQ6121GQ urban transport bus from Kinglong United Auto Industry, the commercial vehicle clutch from Dongfeng Auto Transmission Shaft Limited, and auto exhaust testing apparatus from SIP Guangfu Auto Electrical Machinery Equipment Co., Ltd., etc.

June 15, 2006

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