On the 1st of August, party secretary Mr. Yan Li met with Mr. Zhang Jun, president of the board of Fude Group in Shenzhen. They had a discussion about enlarging the scale of the MTO base, exploiting the resource of the port, expanding the financial areas, and developing local industries.
Currently, Fude Group has invested 273 million U.S. dollars in Changzhou National High-tech Zone to build the MTO project with the capacity of one million tons per year. During the next few years, Fude Group will carry on with the project in Changzhou and keep expanding the scale of MTO base. After the completion of all the projects, the annual capacity will reach one million tons, and the output value is expected to surpass 16 billion yuan per year.
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