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Enterprise investment in industrial technical reform up 52.1% in H1
Updated: 2021-08-09    Source: Zhongshan Daily Large Medium Small Print

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The microwave oven automatic assembly lines were running at high speed at Guangdong Galanz Microwave Household Appliances Manufacturing Co Ltd in Huangpu Town, and it takes only 12 seconds to produce a microwave oven. The statistics about the production are collected by the company's digital supply chain platform to power future research, development and design.

Since 2015, Galanz has been transforming itself into a digital technology-oriented company by investing about 150 million yuan a year in technical reform. An executive of the company noted that ongoing investment in technical reform not only reduces labor costs, but also improves production efficiency, thus enhancing production capacity.

According to the Zhongshan Bureau of Industry and Information Technology, Zhongshan-based enterprises' investment in technological transformation has increased rapidly since last year. In the first half of 2021, investment in industrial technological transformation in Zhongshan increased by 52.1%, with an annual average increase of 39.1% over the last two years.

Projects from large enterprises have served as the main drivers for this increase. From January to June, the number of technical transformation projects with investment of over 50 million yuan rose by 28.1% year-on-year, and the investment volume increased by 69.35% year-on-year.

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