Key Construction Projects in Guangdong Province 2023
Recently, the Guangdong Province 2023 Key Construction Project Plan was approved at the first session of the 14th Guangdong Provincial People's Congress. According to the notification issued by the Guangdong Provincial Development and Reform Commission, a total of 1,530 key projects will be arranged for 2023 in the province, with a total investment of CNY 8.5 trillion and an annual planned investment of CNY 1 trillion. Additionally, 1,090 provincial key preliminary construction projects will be arranged for preliminary work, with an estimated total investment of CNY 4.6 trillion.
Out of 1090 key construction projects, there are four electronic cigarette-related company factories included: Macrell, Smoore, Botton, and Han Qingda. These four projects are located in Jiangmen, Huizhou, and Foshan, with a total investment of 5.85 billion yuan.
The following project information is disclosed:
McAvell establishes electronic technology industrial park in Jiangmen.
The McGregor Electronic Technology Industrial Park Project is located in the Jianghai district of Jiangmen city, Guangdong province.
The total project investment amounts to 3 billion yuan. As of the end of 2022, a cumulative investment of 1 billion yuan has been completed, with plans to invest an additional 200 million yuan in 2023.
The project involves the construction of new factory buildings for the production of high-end electronic atomizer core components and other electronic device manufacturing.
The construction period will start in 2019 and end in 2024.
McWherter Project Information | Image source: Guangdong Provincial Development and Reform Commission
Simula establishes new materials technology industrial park in Jiangmen.
The Simore New Materials Technology Industrial Park project is located in Jiangmen City, Guangdong Province, China.
The total project investment is 1 billion yuan. As of the end of 2022, 36 million yuan has been invested cumulatively, and there are plans to invest 150 million yuan in 2023.
The project construction includes the establishment of a research, development, production, and sales headquarters for electronic heating elements and atomized materials.
The construction period is from 2022 to 2025.
Smor Project Information | Image Source: Guangdong Development and Reform Commission
China's "Boton" has built its Zhongkai "Boton" electronic atomizer headquarters and intelligent manufacturing base in Huizhou.
The headquarters and intelligent manufacturing base project of Zhongkai Podton Electronic Atomizer in China is located in Huizhou City, Guangdong Province.
The total investment of the project is 1.2 billion yuan, with plans to invest an additional 500 million yuan in 2023.
The construction project includes the production and operation of electronic atomizers, medical equipment and other related products.
The construction is scheduled to take place from 2023 to 2025.
Information about China's Bode project | Image source: Guangdong Development and Reform Commission.
Hanqingda establishes High Ming Intelligent Manufacturing Base in Foshan.
The HQD project for the construction of a high-tech manufacturing base is located in the Hecheng Street area of Foshan City, Guangdong Province.
The total investment in the project is 650 million yuan, with plans to invest an additional 100 million yuan by 2023.
The construction project includes facilities such as an e-cigarette production plant and planned supporting infrastructure like the first and last transit stops.
The construction period for the project is from 2023 to 2025.
Project Information of Hanqingda | Image Source: Guangdong Provincial Development and Reform Commission
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Further Reading:
Semiconductor manufacturer SMIC reports a 97.7% decrease in revenue in the Chinese mainland market for the first quarter, while overseas markets experience a growth of 58.2%.
Macquarie plans to buy 3.5 billion yuan of structured deposits from Bank of China.
China's Boton is reportedly planning to purchase industrial land in Huizhou to construct a new headquarters and a manufacturing base for electronic atomizers.
References:
Notice from Guangdong Provincial Development and Reform Commission regarding the issuance of the 2023 major construction project plan for Guangdong Province.
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