Muyang Group's sci-tech industrial park, which began undergoing construction in 2010, will be officially opened by the end of 2012, according to the company, and will be dedicated to the research, development, manufacture and installation of feed and food machinery, equipment and associated facilities.
Muyang Sci-Tech Industrial Park is adjacent to Muyang's secondary industrial park. It has an area of 500mu (33.3ha) and a total construction area of more than 200,000 m². The total investment is more than RMB 1.05 billion (US$170 million). The new facilities will help Muyang achieve one of its 2015 strategic goals — a turnover of over RMB 20 billion (US$3.2 billion). "Construction of the Muyang Sci-Tech Industrial Park will help and contribute Muyang fulfilling its vision of becoming a world leader in the development, production, services and construction of mechanical installations worldwide, and is included along with other strategies in Muyang Group's 2015 strategic plans," said Fan Tian Ming, president and CEO.
The construction of four to five production bases located abroad are being considered in the near future, with the first being planned out in the Middle East.