A HEAVY equipment part project invested by Topy in Japan with total investment of US$380 million will be set up in Qingdao Hi-Tech Zone soon. The company signed a contract with the zone July 30. The project will mainly manufacture parts for heavy equipments and integrated system for caterpillar. Total investment of the project is US$380 million. Among these, investment in the first phase is US$230 million. The project plans to start construction at the end of October and the construction will be finished in September 2012. It is the first Japanese project introduced in the zone and is also the first Japanese project worth more than US$200 million in Qingdao. (Wang Yuanyuan, Duan Xiaodong) |