Yayi Technology Signs into Suzhou Suqian Industrial Park
A Ceremony was held for on signing of the manufacturing project of Maide Technology (Suqian) Co., Ltd. in Suzhou Suqian Industrial Park, invested by the Malaysian-owned Yayi Group, on Aug. 9. The total investment amounted to USD 33 million, and the first phase of investment will be USD 29.8 with a registered capital of USD 12.9. The main business of company will be the designing, manufacturing, installation, and testing of automatic production lines and related equipment and service. It is so far the largest foreign-invested project in Suzhou Suqian Industrial Park.
Yayi Group, a major listed companies in Malaysia, is an influential manufacturer of automatic conveyer systems and logistic and warehousing systems in Southeast Asia. Since its entry into the Chinese market in 1997, the Group has established offices in Shanghai, Tianjin, and Dalian to handle its ever-increasing business in China.
Aug. 12, 2007