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Rapidly Expanding Production Capacity Aiming for Long-term Development

2012.07.18

--Project Team of Taicang T&W Industrial Park Phase II was formally established

At 10:40 of July 9, a grand meeting was held in A120 Conference Room of the R&D Building for the establishment of the project team of Taicang T&W Industrial Park Phase II with the presence of 25 people, including the Chairman of the Company, Infrastructure Investment Director, CFO, department managers of Taicang T&W, leaders of Taicang Infrastructure Division and the Legal Department. In the meeting, a decision was made to set up a project team for Phase II, consisting of members from infrastructure, finance, audit and production departments as well as the administrative office.

It is reported that all the works of Phase II are expected to be completed by the end of 2014. By then, T&W Industrial Park will become an advanced modern industrial park integrating production, living, entertainment and recreation.

Under the leadership of the deputy leader of the project team and adhering to the principles of fairness and justice, the Infrastructure Division promised to complete Phase II in an efficient, effective, serious and pragmatic manner with both quality and quantity ensured so as to meet the needs of production and living to the greatest extent, and to consciously accept the supervision and audit from all parties of the Company. After the main responsible party of the project presented its plan and commitment, the departments of finance, supervision and audit, production and living also expressed their support to the project and put forward their specific requirements.

At the end of the establishment meeting, representatives of the project team held the first working meeting, where issues of common concern were discussed and the time for the second meeting was fixed.

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