Liaoning Zhonglan Electronic Technology Co., Ltd signed a strategic finance cooperation agreement with China Development Bank Liaoning branch and the Panjin High-tech Zone on Oct 15 at an investment promotion meeting held in Shenyang. The agreement is for construction of an optical industrial base with a total investment of 1.6 billion yuan (US$ 229 million) and an area of 440,000 square meters.
According to the agreement, China Development Bank Liaoning branch and the Panjin High-tech Zone will provide enterprises with financing and intellectual support for high-tech integrated financial services.
The optical industrial base (Phase II) project is located in the Panjin Hi-Tech Industrial Development Zone with a planned land area of about 300,000 square meters. When completed the project is expected to support production of 500 million high-definition cameras for information terminals, 500 million high-definition motors, 30 million high-definition camera components, 20 million sets of high-definition car camera modules, 200,000 sets of ADAS intelligent driving systems, and 3000 sets of high-precision molds.
It will create the largest info imaging industry cluster area in North China and connect upstream and downstream products in the industrial chain, greatly improving the competitiveness of optical electronics production enterprises in Liaoning and contributing to the development of the local economy, in part by expanding the scale of the optoelectronic info imaging industry and increasing tax revenue.