Pinghu has recently signed a high-speed train integrated system project between Caoqiao Street and German EVAC Cooperation. It is known that after both parties’ multiple negotiation and compromises, German EVAC Cooperation will set up a new company at Caoqiao Street and invest in the high-speed train integrated sanitary equipment project, which covers an area of 11 mu and has a total investment of 8.5 million USD, a registered capital of 6 million USD and a production value of more than 100 million RMB after being put into operation.
German EVAC Cooperation is a leader in aircraft, aviation and high-speed train integrated equipment and system, covering a market share of more than 70% on the global market and 99% on the domestic market. The project covers few land but yield much. The successful settlement of this project will bring new development advantages to Caoqiao Street and Pinghu, stimulate the development of relevant industries, fill in the blank of Pinghu’s business attraction and capital introduction in the area of high-speed train project. This has been another top European company to settle in Caoqiao Street after Sweden Anglis Material Science and Technology Co., Ltd signed the agreement during this year’s watermelon lantern cultural festival.