By Wu Xiaoyun

A few days ago Swiss Unisteel phase 2 project introduced in by CSSD Nantong division was signed at Suxitong science and technology industrial park. The total investment of phase 2 project is 150 million U.S. dollars. It mainly works on production of automobile parts, rivet products, aviation accessories, and medical products. After phase 2 project is completed, annual taxable sales is expected to reach 1.5 billion Yuan and 100 million Yuan tax will be realized.

Unisteel is a company under Swiss SFS group. Phase 1 project with 150 million U.S. dollars investment started operation in 2019. In 2020, the sales reached 1.5 billion Yuan. In 2021 it is expected to exceed 2 billion Yuan.