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 the county's efforts to attract investment and promote local economic development. Wu Kexiong, a member of the Standing Committee of the Municipal Party Committee and Deputy Mayor, attended the signing ceremony, highlighting the importance of the project at the regional level. Guilin Fuda Group plans to invest in and establish Lu Chuan Fuda Auto Parts Co., Ltd. within the industrial park of Michang Town in Luchuan County. The company will focus on manufacturing key automotive components such as steel rims and drive shafts. With a total planned investment of 90 million yuan and the use of 150 acres of land, the project is expected to produce 400,000 steel wheels and 150,000 sets of transmission shafts annually upon completion. It is estimated that the annual output value and sales 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 activities held in Guilin from July 19 to July 21. This collaboration not only strengthens the local industrial chain but also brings new opportunities for employment and sustainable growth in the region. With continued efforts in attracting high-quality enterprises, Luchuan County is steadily moving towards a more diversified and robust economy.

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