From the point of view of the nature of the project, this is an investment project of foreign enterprises, which is the result of Foshan’s in-depth promotion of high-level opening to the outside world and the introduction of investment with a good business environment.
0190-02362 German SEW Group was founded in 1931, is specialized in the production of various series of motor, reducer and frequency conversion control equipment of transnational international group, in the field of international power transmission world famous. SEW Group has Tianjin manufacturing base, Suzhou motor manufacturing base, 6 assembly centers, 1 technical service center and more than 60 sales and service branches in China.
Saiwei Industrial Reducer (Foshan) Co., LTD., as a wholly-owned subsidiary of SEW China, will build the third manufacturing base outside Tianjin and Suzhou – SEW South China Manufacturing base. The total land area of the project is about 392 mu, which will be promoted in two phases, and the rolling total investment will exceed 10 billion yuan.
Since the land was picked in May last year, the preliminary 0190-02362 work of the project has been accelerated to ensure the official start of the beginning of this year. The first phase of the project covers about 240 mu of land and is expected to be completed and put into operation by the end of 2025. This means that compared with the 2026 completion and production reported at the time, the time is one year ahead of schedule.
At the start of the construction site, Zhang Shengli, executive chairman of Saiwei Transmission (China) Investment Co., LTD., bluntly said that February 18, 2024, will be an important milestone in the development history of Saiwei China, which shows the great importance of the South China manufacturing base project.
0190-02362 In recent years, Foshan has vigorously promoted the reform of the investment attracting system and mechanism, taking the creation of a first-class business environment as the “No. 1 reform project”, and the investment attracting exceeded 400 billion yuan in 2023, hitting a record high. SEW South China manufacturing base project is an important embodiment of Foshan investment achievements.
For Foshan, the acceleration of the construction of such a major project is inseparable from the close follow-up of the Foshan investment promotion team, the professional services provided, and the advantages of Foshan’s good industrial base and business environment.
As Zhang Shengli said during his visit to Foshan in May last year,0190-02362 Foshan is an important pole city in the Guangdong-Hong Kong-Macao Greater Bay Area. It has a first-class business environment, a solid industrial foundation and a complete industrial chain. The cooperation between the two sides has unlimited potential and broad prospects.
Enterprises are the main body of scientific and technological innovation, when many specialized new enterprises like Saiwei industrial reducer thrive, Foshan’s confidence and confidence in promoting industrial scientific and technological innovation will be stronger, and the family will be more and more thick.