Panzhihua Targets 100 Billion Projects at the WCIF

CHENGDU, China, Oct. 23, 2013 /PRNewswire/ -- In order to make good use of the three platforms at the Western China International Fair (WCIF) and promote advantages of Panzhihua in resources, industry and the investment environment, the "Vanadium-titanium Capital of China" has devoted every effort to prepare for the 14th WCIF, aiming at gaining the contracted amount of projects of 40 billion yuan and the total contracted amount (including framework agreements) of 100 billion yuan.

Panzhihua Pavilion sits in the No. 1 Hall of the Chengdu New International Convention & Exposition Center, covering an area of 1,040 square meters, which is the second largest exhibition booth at the prefecture level of the WCIF. Centering on the theme of "Vanadium-titanium Capital of China, Sunshine Flower City and Southwards Opening-up Portal of Sichuan," the exhibition highlights the local minerals, high-quality iron and steel, vanadium-titanium, tourism, agriculture and folk customs and culture and other competitive resources, particularly famous and new industrial and agricultural products, competitive industries, tourist products, folk culture, new energy, new material and transfer and application of high-tech achievements, and showcases the great achievements of Panzhihua in the social and economic development and the outstanding investment environment with real objects, scenes, models, pictures, text and multimedia presentation. During the international event, main leaders of Panzhihua will meet with senior executives of China National Heavy Duty Truck Group Corp. and hold talks on launching the production base of mine trucks of the group company in Southwest China in Panzhihua.

Panzhihua nailed down 75 projects at the 13th WCIF, with the total contracted amount exceeding 80 billion yuan and 62 projects being included in the 2013 investment promotion list under the supervision of the provincial government of Sichuan. As of the end of September, 58 projects on the list have been carried out, accounting for 93.55 percent of the projects on the list. A total of 50 projects have started construction, accounting for 80.65 percent; the accumulated paid-in capital was 14.455 billion yuan, or 42.31 percent of the contracted amount. And 11 projects have been put into production, making the production rate at 17.74 percent.