02VA0193 Foreign investment in the expansion of Meizhuo Otutai Phase II factory in the park

Su Bao News (Chief Reporter in the Park, Dong Jie) Yesterday, Meizhuo Otutai Machinery Heavy Industry (Suzhou) Co., Ltd. launched the second phase expansion project in the Suzhou Industrial Park. Finnish Ambassador to China Meng Lan, Finnish Consul General in Shanghai Ji Anno, and Shen Mi, a member of the Municipal Party Committee Standing Committee and Secretary of the Park Party Working Committee, attended the launch ceremony.
Metso Altutai is headquartered in Helsinki, Finland, with operations in over 50 countries and regions worldwide and 15000 employees worldwide. Last year, sales reached $5.295 billion, a year-on-year increase of 25%. Meizhuo Otutai Machinery Heavy Industry (Suzhou) Co., Ltd. was established in 2008, mainly developing, assembling and producing mining and metallurgical machinery equipment, energy and environmental protection related equipment, filters, filtration systems, and related spare parts, and providing relevant after-sales services and technical consulting. Last year, it achieved an industrial output value of 620 million yuan. This upgrade is an important layout of the Metso Altuta Gamma Park at the Su factory. The Meizhuo Altutai Suzhou Phase II factory covers an area of approximately 5000 square meters and is expected to be put into use within one year. After the completion of the second phase project, it can double the production capacity of the enterprise in China.
Suzhou Industrial Park is the only foreign-funded headquarters economic agglomeration area in the province. At present, the park is fully seizing major strategic opportunities such as the integrated development of the Yangtze River Delta region and the construction of free trade zones, striving to create first-class industrial new areas, first-class open famous areas, first-class innovation parks, and first-class central urban areas, and accelerating the construction of world-class open and innovative high-tech parks. Next, the park will continue to uphold the concept of pro business service, actively create the most comprehensive environment and guarantee, and promote more foreign investment to invest and settle in the park.