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The foundation stone laying ceremony for an industrial park renovation project of Zhongshan Chaoyang Industry and Trade Development Co was held in Sanjiao Town on January 12.

The project covers an area of approximately 55.5 mu, and production had been halted before renovation. The Chaoyang company will invest 220 million yuan to build at least 110,000 square meters of new buildings.

After renovation, the project will be built into an intelligent equipment manufacturing park for robot and electronic product components. Its production value will reach 167 million yuan and annual tax revenue 11 million yuan.

Several high-quality potential clients based in Shenzhen and Guangzhou are seeking cooperation with the park.