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COITF Participating in the Optoelectronic New Materials Project of 700 million yuan in Fuyang Anhui

March 29th, Fuyang City and China Optoelectronic and Innovation Fund (COITF) signed a strategic cooperation framework agreement; meanwhile, the investment framework agreement was also signed between Fuyang Hefei Modern Industrial Park and Beijing Sineva Technology Company. According to the agreements, Beijing Sineva will invest 700 million yuan to the optoelectronic new material project in Fuyang Hefei Modern Industrial Park. It will gather upstream and downstream enterprises in Fuyang and promote Fuyang to become an important new material industry base.

 

(The General Manager of COITF Luke Ouyang is signing the agreement with the Vice Mayor of Fuyang City)

 

 

(The Chairman of Beijing Sineva Technology Company Wang Yanjun is signing the agreement with the Fuyang Hefei Modern Industrial Park)

Municipal Party Committee Secretary Yu Yong, the Executive Vice President of BOE and Chairman of Beijing Sineva Technology Company Wang Yanjun, the Standing Committee of the Municipal Party and Vice Mayor Liu Hui, the Secretary-General Li Zhiwei, the Secretary of Working Committee of Fuyang Hefei Modern Industrial Park and Chairman of Management Commission An Lie attended the signing ceremony.

China Optoelectronic & Innovation Technology Fund is a professional investment fund focus on optoelectronic and innovation technology fields with the total size of 10 billion yuan. Beijing Sineva Technology Company is a joint venture established by COITF and the strategic investors in material field, aiming at promoting the development of China new material industry by using its world top team and the ability of integrating resources. The new optoelectronic material project invested in Fuyang Hefei Modern Industrial Park by Sineva engages in R&D, manufacturing and sales with the total investment of 700 million yuan which will be implemented in 3 phases. The project is planned to construct in July this year and will put into operation in the fourth quarter next year. After the completion of the project, 1500 jobs will be provided, 1.8 billion yuan annual sales income will be achieved, and more than 100 million tax will be paid.

Before the signing ceremony, Yu Yong has met Wang Yanjun and his team. Yu Yong said, constructing the Fuyang Hefei Modern Industrial Park is an important initiative of revitalizing the north Anhui province. Introducing the new optoelectronic material project to the park fills the blank of the high-tech optoelectronic industry field of Fuyang. By Sineva’s leading technology and industrial advantages in the field of optoelectronic materials, more and more enterprises in and abroad will be attracted to invest in Fuyang which makes Fuyang to become an important new material industry base. The government of Fuyang will creat a favorable investment environment to promote the project to construct, operate and benefit as early as possible.

Wang Yanjun said, the new material project will become a demonstration project with comprehensive strategic cooperation between COITF and Fuyang city, which will introduce more leading projects in the industry, nurture and develop the material industries cluster in Fuyang, promote the development and upgrading of the strategic emerging industries in Fuyang and make positive efforts to speed up the development and revitalization of Fuyang.

(by Fuyang Daily Reporter Feng Qijun, Trainee Reporter Gao Nan, Correspondent Wei Shi)

 

Copyright: China Optoelectronic & Innovation Technology Fund