On August 15, a significant agreement was signed between the China Plastics City Management Committee of Yuyao City in Zhejiang Province and Xindu District, marking the official relocation of the China Chengdu Plastics Project to Xindu. This major investment project is expected to bring a total investment of 800 million yuan. Once the first phase of operations begins, it is anticipated to generate an average annual tax revenue of 100 million yuan and create over 3,000 job opportunities.
According to reports, the China Chengdu Plastics City will adopt a differentiated positioning strategy, aiming to become a comprehensive and multi-functional national-level plastics specialty market. The project will include trading platforms for plastic raw materials, accessories, finished products, machinery, and molds. In addition, it will feature information exchange services, exhibitions, technology development, warehousing, logistics, business hotels, and residential facilities.
The project is designed to be a high-level, large-scale, and integrated platform that serves as a hub for the plastics industry. As stated by the local authority representative from Xindu District, the project will implement unified planning, development, and management. It aims to integrate the trading, display, and industrial research and development of plastic raw materials, products, machinery, and mold components into one cohesive modern service industry initiative. This move is expected to significantly boost the regional economy and enhance the city's standing in the national plastics sector.
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