The Opening Ceremony of Sutt Automation Industrialization Project (Yiyang Base)

On the morning of March 29, the High-end Intelligent Valve Positioner and Fluid Control R&D and Industrialization Project of Sutt Automation (Hunan) Co., Ltd. was successfully held in Heshan District, Yiyang City. Weixing Zhou, secretary of the district party committee and secretary of the Party Working Committee of Longling Industrial Development Zone, attended the site and announced the start of the project.

District Party Secretary and Longling Industrial Development Zone Party Working Committee Secretary Weixing Zhou Announced the Start of the Project

Our company focuses on investment and development in the field of fluid and pipeline control. The company plans to build an industrial plant of 58,619.2 square meters in the New Material Industrial Park of Longling Industrial Development Zone, Yiyang, covering an area of about 100 acres. The total investment of the project is expected to be 1.2 billion yuan. The first phase of the project will invest about 600 million yuan. After the project being completed and put into operation, it will reach full production within 3 years, with an annual output value of about 500 million yuan and an annual tax revenue of more than 10 million yuan. After the second phase reaches full production, the annual output value will be about 1 billion yuan, and the annual tax revenue is expected to be 40 million yuan.

Wu Lei, chairman and general manager of the company, also promised at the meeting that Sutt Automation would take the construction of the Yiyang Base as an opportunity to improve customer satisfaction with product delivery, serve customers with technology and innovation, continue to create value for customers, and devote to a global leading fluid control solution provider.

Wu Lei (Leo Wu)---The Chairman and General Manager of Sutt Automation (Hunan) Co., Ltd.