Zeeco China, a wholly-owned subsidiary of the US-based combustion and environmental solutions provider Zeeco, Inc, has signed an agreement with the ‌Shanghai Hengxinyuan Industrial Co Ltd to jointly invest 110 million yuan ($15.46 million) in the phase-three project of its integrated base at the Shanghai Bay Area High-Tech Industrial Development Zone.

This marks the company's third major investment within two years, reinforcing its technological leadership in the eco-friendly combustion equipment sector and injecting fresh momentum for the development of the high-end equipment manufacturing cluster in the zone.

The new project will feature a 22,000-square-meter high-standard facility covering a land area of about 3.2 hectares.

Upon reaching full capacity, the facility is expected to generate an annual output value of 300 million yuan and tax revenue of about 30 million yuan.

Zeeco China first established its presence in the zone in 2019. In 2022, Zeeco partnered with Hengxinyuan to invest a total of 530 million yuan in the phase-one project, aimed at producing 10,000 sets of eco-friendly combustion equipment annually.

The phase-one project, spanning about seven hectares with a total floor area of about 43,000 sq m, is currently operational.

Construction of the phase-two project began in the first half of this year. With a workshop of over 15,000 sq m, it is designed to support and upgrade the phase-one project, with completion and operation expected by the end of the year.

Source: Jinshan district government