Jiuyang Group Lays Foundation in Shengpu Township
The foundation was laid for Suzhou Honghui Electrical Appliances Company, invested and incorporated in Shengpu Township, SIP, by Jiuyang Group, a leading enterprise in the small electrical appliances market of China. With a total investment of 36 million RMB and occupying a land of 6.5 hectares, the company will be chiefly engaged in the R&D, production, and sales of bean milk makers, electro-magnetic ovens, and cooking steamers,etc. The company will be built into a major production base of Jiuyang Group in the Yangtze delta region with an expected annual sales of 200 million RMB.
Jiuyang Group was founded in 1994 in Jinan, and its ten years' steady growth has earned a high prestige in the electrical appliance industry. The Group registered an annual sales revenue of 1.3 billion RMB last year, thanks to the advanced technologies. The bean milk maker alone, made by the Group, has 25 registered national patents.
Relying on the superior geographical and investment conditions in SIP, Jiuyang Group is confident to go steadily in market expansion in the Yangtze delta region and the rest of the country with a predicted annual sales increase rate of over 35%.
May 14, 2007