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Big News! Aux's Annual Production of 30 Million Compressors Project Settled in Wuhu

2023/11/14

Cao Xiaoming, Secretary of the Party Working Committee and Director of the Management Committee of Wuhu Economic and Technological Development Zone, and Li Junfeng, Assistant to the Executive President of AUX Group, signed a strategic cooperation agreement on behalf of both parties. Ding Zurong, Secretary of the Wuhu Municipal Party Committee Ningbo, Director of the Standing Committee of the Municipal People"s Congress, Cai Yi, Vice Mayor of the Municipal Government, Zheng Jianjiang, Chairman of AUX Group, Naito Ryu, Manufacturing Director of Panasonic Wanbao Compressor (Guangzhou) Co., Ltd., and others attended and witnessed the signing of the contract.

Picture: Signing Ceremony

As a company centered on innovative technology, AUX is committed to providing high-quality home appliance products and user experiences to consumers worldwide. The cooperation with the Wuhu Municipal Government will provide important support for AUX" strategic layout in the East China region, while also bringing new investment and employment opportunities to Wuhu City, injecting new vitality into the local economy.

Picture: Talk

During the meeting, Secretary of Ningbo City welcomed Chairman Zheng Jianjiang and his delegation to Wuhu and briefly introduced the overall economic output, geographical advantages, industrial layout, business environment, and talent recruitment of Wuhu. He said that Anhui is currently at the forefront of high-quality development in the country, and Wuhu is also one of the best and fastest developing cities in Anhui. With obvious geographical advantages, strong industrial foundation, superior business environment, and huge development potential, it is accelerating the construction of a provincial sub center with an enterprising attitude. AUX chose to settle an important project in Wuhu, reflecting their trust and importance to there. The Municipal Party Committee and Government will spare no effort to provide high-quality services, strengthen factor guarantees, and promote the early start of project construction and production to achieve results.

Chairman Zheng Jianjiang stated that in recent years, the development achievements of Wuhu have been obvious to all. The good business environment and efficient government services have left a deep impression on people, further strengthening the confidence and determination of enterprises to invest and prosper in Wuhu. AUX would strengthen coordination and communication with relevant departments, accelerate the implementation of projects, and strive to make the projects a benchmark demonstration in the industry, contributing to the high-quality development of Wuhu"s manufacturing industry.

AUX and Panasonic have teamed up to build an annual production of 30 million air conditioning compressors and a R&D center project in the eastern part of Wuhu Economic and Technological Development Zone. The total investment is about 5 billion yuan, covering a total area of about 600 acres, and can produce 30 million air conditioning compressors annually. After reaching production capacity, the annual revenue exceeds 6 billion yuan, the annual comprehensive tax revenue exceeds 200 million yuan, and 3,000 job opportunities are directly created.

This signing not only represents the in-depth cooperation between AUX and the Wuhu Municipal Government, bringing more opportunities and challenges to both parties, but also injects new vitality into China"s industrial upgrading. We believe that with joint efforts, both parties will achieve greater success on the future path and help promote high-quality development of China"s real economy.

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