Notable Events

Foundation stone laying ceremony of new production base in Wuxi

A foundation stone laying ceremony of the new production base of Cosmos Machinery Technology (Jiangsu) Company Limited and Wuxi Grand Tech Machinery Group Limited was held at the Airport Logistics Park of Wuxi on 13 January 2009.

The anticipated relocation of Wuxi Grand Tech to the Airport Logistics Park of Wuxi, which is managed by Wuxi National Hi-Tech Industrial Development Zone, comes as a response to Wuxi government's policy to restructure the industrial layout of the city and to encourage business enterprises to move from the central business district to the new industrial park. Wuxi Grand Tech can further reap the advantages of its presence and competitiveness in the Yangtze River Delta and enhance the sustainable development of its machinery manufacturing business.

The new plant, covering 76,118 square meters and with a gross floor area of about 48,000 square meters, is expected to be completed and start operation by the end of 2010. Main products will comprise energy-efficient, environmentally-friendly, and cost-effective rubber and plastic machines as well as metal moulding equipment and precision multi-axis CNC machines, all of which are made available to cope with the government's strategy on product development and to satisfy market demands from mainland and overseas clients.

Secretary General Mr. Wu Feng Feng from the People's Government of Wuxi Municipality officiated at the ceremony. Gracing the event were participating guests including Member of the Standing Committee of the Jiangsu Provincial Committee of the CPC and Secretary of the Wuxi Municipal Committee of the CPC Mr. Yang Wei Ze, principal officials from the Wuxi Municipal Committee of the CPC, the People's Government of Wuxi Municipality, the Standing Committee of the People's Congress of Wuxi City, the Wuxi Municipal Committee of the Chinese People's Political Consultative Conference, the Discipline Inspection Commission of Wuxi City, as well as key members from the Administrative Committee of the Industrial Development Zone, the Airport Logistics Park, and Wuxi Logistics Development Group Company Limited.

On behalf of the government officials of Wuxi City, Deputy Mayor Mr. Tan Xue Ming delivered a speech and expressed his recognition for Wuxi Grand Tech and other enterprises' relocation and investment in the new industrial park, and looked forward to their prosperity and long-term growth in the years ahead.

General Manager Mr. Li Tin Loi from Cosmos Machinery Limited presented a vote of thanks to the officials from Wuxi government and various departments for the continuous support they have extended to Wuxi Grand Tech and the forthcoming plant. Mr. Li also gave a summary of the new plant and its business development plan.

Deputy Mayor Mr. Tan Xue Ming from the People's Government of Wuxi Municipality delivered a speech during the foundation stone laying ceremony.

Over 100 staff members and representatives from Wuxi Grand Tech Machinery Group Limited and Cosmos Machinery (Wuxi) Trading Company Limited witnessed the historic moment together.