Shenzhen Science & Technology spent 500 million yuan to build smart meters and other measurement systems R & D and production bases

[China Instrument Network Instrument Industry] On July 20th, Shenzhen Great Wall Development Technology Co., Ltd. (“S&S”), the world's second-largest manufacturer of hard disk magnetic heads, officially started production at the Chengdu-based High-tech Zone West Park in Chengdu, Sichuan Province. The total investment of the project is not less than RMB 500 million. It will carry out research and development of smart grid system software, development of big data, research and development of water and electricity smart metering, and related product manufacturing. The products are mainly exported to European and global markets. Mr. Yuan Zongyong, deputy director of Chengdu Hi-tech Zone Management Committee, Mr. Tan Wenyi, Chairman of Shenzhen Great Wall Development Technology Co., Ltd., Zheng Guorong, the president, and Party Secretary Chen Zhujiang attended the opening ceremony.

Launch ceremony site

It is reported that Shenzhen S&T was established in 1985 and listed on Shenzhen Stock Exchange in 1994. It is a core enterprise of China Electronic Information Industry Group. Its main businesses include hard disk components, solid-state storage, communications and consumer electronics, medical devices, chip packaging and testing, Advanced manufacturing services for key components and other products, as well as R&D and production of metering systems, payment terminals, and automation equipment, have six R & D and manufacturing bases in Shenzhen, Suzhou, Dongguan, Huizhou, Malaysia, and Thailand, in the United States, the United Kingdom, and the Netherlands. Many countries have branches or R&D teams and employ more than 21,000 people. From 2010 to 2015, Shenzhen Science and Technology ranks first in the global EMS (Electronic Manufacturing Service) industry ranking of MMI (Global Electronics Manufacturing Industry Special Publication) for five consecutive years. It ranks 298th in the Top 500 Chinese Enterprises and Top 10 in the Shenzhen Top 100 Enterprises. The name is the second largest professional manufacturer of hard disk heads in the world. In 2015, S&T's operating income reached 15.4 billion yuan.

On February 24 this year, Shenzhen Science and Technology and Chengdu Hi-tech Zone signed a project investment cooperation agreement. Shenzhen Science and Technology will build a research and development production base project of the Metrology System Division in Chengdu Hi-tech Zone to carry out research and development of smart grid system software, development of big data, research and development of water and electricity smart metering, and related product manufacturing. The products are mainly exported to European and global markets. The total investment of the project is not less than RMB 500 million, the construction area is not less than 30,000 square meters, and the initial design daily meter production capacity will exceed 10,000 units.

Chengdu Great Wall Development Technology Co., Ltd. production workshop

According to the relevant person in charge of Shenzhen Sci-Tech, the company's metering system division is oriented to the international market, and the remotely-controlled meter and system independently developed and produced, as well as the anti-tampering electricity, have reached the international advanced level. Most of the products are exported to Europe, Southeast Asia, South Asia, and Central Asia. Africa and other places are among the largest exporters of remotely controlled electricity meters and systems in China. The Metrology System Division has relocated to Chengdu and established a company. Chengdu Great Wall Development Technology Co., Ltd. now has 300 R&D, marketing, production, and management staff, more than 400 production workers, and a pre-tax profit of over 100 million yuan.

Since the signing of the investment cooperation agreement in February this year, the two teams have worked together to overcome many difficulties such as tight schedules, new environments, and difficulties in starting. In just a few months, the project company, Chengdu Great Wall Development Technology Co., Ltd. was incorporated. At present, the registered capital has reached 95 million yuan. The decoration, equipment relocation and commissioning of the leased workshop have been completed and have been put into production.

Tan Wenxuan said: "Chengdu Hi-tech Zone has an excellent administrative environment, a sound industrial foundation, and mature supporting conditions. This is an important reason for investing in deep science and technology in Chengdu, and it is also an important foundation for guaranteeing the rapid progress of projects and smooth implementation. We hope the project Putting into production contributed to Chengdu's industrial transformation and upgrading and innovation-driven development."

Yuan Zongyong stated: “Chengdu High-tech Zone is centering on the strategic positioning of 'Three Regions and One Pole' as determined by the State Council, and has in-depth implementation of the 'Seven Action Plan' to fully build a National Innovation Demonstration Zone, all of which provide deep scientific and technological development for Chengdu and long-term development. With its vast space and opportunities, it is hoped that Shenzhen S&T will, on the basis of its good cooperation with Chengdu Hi-tech Zone, drive related industries to become bigger and stronger in Chengdu Hi-tech Zone. Chengdu Hi-tech Zone will continue to provide good factor protection and government for the company. Services, support for the rapid and long-term development of S&T projects.”

(Original title: Shenzhen Science and Technology established a measurement system R&D production base in Chengdu Hi-tech Zone)

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