KYMCO Motorcycle and Kwang Hsing Precise Machine held a groundbreaking ceremony for their new set of manufacturing facilities in Xuejia Town, Changzhou Xinbei District in China's Jiangsu province on December 9, 2016. The ceremony was attended by Changzhou vice mayor Fang Guoqiang, Changzhou National Hi-Tech District (CND) management committee director Chen Zhengchun and Taiwan-based Kwang Yang Motor Company (KYMCO) general manager Ke Junbin, as well as the top officials from the Taiwan Affairs Office of the Changzhou Municipal People's Government and other governmental offices involved in the approval process for the facilities.
As KYMCO expands its operations, Changzhou KYMCO Motorcycle, the overseas research and development, manufacturing and marketing arm of KYMCO, is also undergoing a stage of rapid growth, with an ongoing pipeline of quality products which have been highly acclaimed by consumers worldwide and are sold in 79 countries. Since 1994 when KYMCO first set up operations in Changzhou, the group has continued to expand and deepen its presence in the city and remains committed to its corporate social responsibility with a focus on helping to stimulate economic growth at the local level. The groundbreaking for Changzhou KYMCO's and Changzhou Kwang Hsing's joint complex of facilities marked a new milestone for KYMCO and for the establishment of another set of manufacturing facilities by the group in Changzhou. Changzhou is commonly known in the region by its nickname, the Dragon City, and the new complex which has come into being as a result of the cooperation between and the efforts of the local government and the companies involved also marks the opening of a new chapter in the industrial development of Changzhou and in the city living up to the strength and stature implied in its nickname.
Changzhou KYMCO Motorcycle's US$136 million set of facilities is located on a piece of land that is located in Xuejia Town, Changzhou Xinbei District. The multi-building 92,703.05 square-meter complex sits on a 168,000 square meter plot of land and includes a research and development center and several manufacturing facilities. In addition to the existing 282 sets of equipment, the project adds 160 new sets of machinery and auxiliary production equipment including shot blasting machines and dynamometers, of which, 13 sets are imported. Upon completion, the complex will be capable of producing 320,000 complete motorcycles annually.
Mr. Chen, the CND management committee director, said during his speech: "We are always committed to providing manufacturers with high-quality, convenient and efficient services. Every department of the municipal government of Changzhou is dedicated to creating a benign business environment for investors. We also invite other global investors such as Taiwanese manufacturer KYMCO to establish or expand their presence at CND and to achieve win-win results for both the manufacturers and the city of Changzhou via our joint efforts and cooperation."