90 million yuan auto parts project settled in Luchuan
On the morning of July 23, Luchuan County People's Government and Guilin Fuda Group officially signed a cooperation agreement for an auto parts project in Jiulongshanzhuangli, Luchuan County. This marks another significant achievement in Luchuan's efforts to attract investment and promote local economic development. Wu Kexiong, a member of the Standing Committee of the Municipal Party Committee, head of the Propaganda Department, and Deputy Mayor, attended the signing ceremony, showing strong support from local authorities.
Guilin Fuda Group plans to establish Lu Chuan Fuda Auto Parts Co., Ltd. within the industrial park in Michang Town, Luchuan County. The company will focus on manufacturing key auto components such as steel rims and drive shafts. The project is expected to require a total investment of 90 million yuan, with 150 acres of land allocated for the facility. Once fully operational, the plant will be capable of producing 400,000 steel wheels and 150,000 sets of transmission shafts annually. It is projected that the annual output value will reach 150 million yuan, with profits and taxes amounting to approximately 15 million yuan.
The project was introduced during Luchuan County's business attraction campaign held in Guilin from July 19 to July 21. This initiative highlights the county’s proactive approach in seeking strategic partnerships and attracting high-quality enterprises to boost local industry and create employment opportunities. With this new investment, Luchuan is taking a major step forward in its industrial transformation and sustainable development goals.
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