Inner Mongolian officials check foreign investment projects
Officials from the Foreign Investment Division of Inner Mongolia Development and Reform Commission check up on major projects in Hohhot on July 2. [Photo/Hohhot Development and Reform Commission]
Officials and researchers from the foreign investment section of the Inner Mongolia Development and Reform Commission on July 2 visited Hohhot -- capital of North China’s Inner Mongolia autonomous region -- to learn about the progress being made by major foreign investment projects currently being developed in the city.
One of them is a new plant for US-based Air Products and Chemicals Inc which will involve an investment of $673 million and cover an area of 180,851 square meters.
Air Products and Chemicals Inc is an international corporation whose main business is selling gases and chemicals for industrial uses.
The project will build and operate air separation, gasification, and gas purification facilities and provide gas processing services.
The new plant is expected to go into operation in 2022, a company spokesman said.
The delegation learns about the progress being made in major projects in Hohhot, on July 2. [Photo/Hohhot Development and Reform Commission]
Another project is a production facility being funded by Swedish multinational food packaging giant Tetra Pak.
The Hohhot Tetra Pak packaging and sealing plant will involve a total investment of 90.6 million euros ($103 million) and have an annual output of 10 billion cartons and packages.
The construction project includes a production plant, a warehouse and a loading and unloading area, a public utility building, a plastic particle transportation room and support auxiliary facilities.
Construction work began in June and the project is expected to start operation in early 2021.
The delegates conducted on-site inspections and heard verbal reports, to understand the status of the investors and projects, especially in the wake of the novel coronavirus outbreak.