On November 2018, the signing ceremony of a major project was held in Fengqiao Town, Nanhu District, Jiaxing, Zhejiang Province. Mark Ji, the director of Investment and Development of Vailogchina, attended the signing ceremony. Intelligent Jiaxing Center Industrial Park project of Vailog was settled in Fengqiao Town.

The total investment of this project is 75 million US dollars, and it will become China’s first demonstration industrial park combining ‘German Industry 4.0’ strategy and ‘Made in China 2025’ strategy. According to the introduction, the project will introduce the intelligent automatic production line technology, advanced AI production projects of upstream and downstream enterprise groups from the German industrial chain, produce fully automated packaging equipment for the light industry. Meanwhile, we will also introduce the distribution and settlement center project. It is estimated that the annual output value will reach 400 million after the first phase of production and the annual tax will be 15 million yuan.