Zhejiang Xiantong's 10 Billion Yuan Project Launched
Zhejiang Xiantong's 10 Billion Yuan Project Launched; City Sci-Tech Group Empowers High-End Upgrade of Auto Parts Industry
On January 23, Zhejiang Xiantong Sealing Profiles Co., Ltd. (referred to as "Zhejiang Xiantong"), a subsidiary of the City Sci-Tech Group, successfully acquired a land plot located south of G351 and east of Dongwu Road (west of Xingye Road) in the modern zone of the Xianju County Economic Development Zone. The successful launch of the intelligent manufacturing and R&D center upgrade project for frameless automotive sealing strips, with a total investment of 10 billion yuan, marks Zhejiang Xiantong's accelerated advancement on the path of high-end intelligent manufacturing for automotive parts, technological R&D upgrades, and industrial scale expansion.
As a leading domestic enterprise in the automotive sealing strip industry, Zhejiang Xiantong has been deeply engaged in the field for nearly thirty years. It is a national high-tech enterprise dedicated to the R&D, design, production, and sales of automotive sealing strips. The company has established stable cooperative relationships with mainstream automakers such as Geely, Chery, Changan, and Volkswagen. Leveraging its leading core technologies, including compound formulations and 3D forming, it has built a solid brand advantage within the industry.
The newly launched project, closely aligned with the development opportunities in the new energy vehicle industry, comprises two core components. The Intelligent Manufacturing Project for Frameless Automotive Sealing Strips, with a total investment of approximately 8.5 billion yuan, is expected to add an annual production capacity of over 67 million meters of frameless sealing strips upon completion and full operation, building upon the existing base. The R&D Center Upgrade and Construction Project, with a total investment of about 1.5 billion yuan, will establish modern R&D facilities, procure high-end R&D equipment, and attract top-tier R&D talent to strengthen technological breakthroughs, thereby solidifying the enterprise's core competitiveness.
Moving forward, the Group will continue to explore new pathways for "collaborative advancement between state-owned and private sectors", promote the integrated development of state-owned and private shareholders, drive the upgrading of Taizhou's traditional industries towards the high end of the value chain, cultivate new quality productive forces, and inject sustained and robust sci-tech innovation momentum into Taizhou's efforts to build a modern industrial system and establish itself as a strong manufacturing city powered by intelligent technologies.