HSG Laser (Suzhou) Co Ltd, an R&D and manufacturing arm of famous Chinese intelligent laser equipment supplier HSG Laser, recently signed an agreement with the Administrative Committee of SIP-Xiangcheng Cooperative Economic Development Area (SIP-XC CEDA) to set up its East China marketing headquarters along with a manufacturing base in SIP-XC CEDA.
Founded in 2009 in Foshan, a city in South China’s Guangdong province, HSG Laser set up the wholly-owned subsidiary HSG Laser (Suzhou) in SIP-XC CEDA in 2017. The company is now capable of making 1,000 fiber laser cutting machines each year, and its sales reached RMB 137 million last year.
The company will invest RMB 500 million in the new facilities which will boast a land area of 49.01 mu (3.3 hectares) and a total floor area of 80,707 square meters. The facilities are expected to achieve an annual output value of RMB 1 billion and an annual net profit of RMB 100 million within five years.