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On May 12, two high-end projects, with a total investment of 1 billion yuan, settled in Torch Development Zone.

With an investment of 400 million yuan, Yaham has obtained a 40.8-mu industrial plot for its new display headquarters manufacturing base in Torch Development Zone. The project that integrates product R&D, design, production and sales is expected to produce 1 billion square meters of LED displays per year, with an annual output value of 816 million yuan and annual tax revenues of 40.8 million yuan.

Torch Industrial Group and Dongguan ENG Engineering Plastics Co Ltd concluded an agreement on the special high-performance TPU (thermoplastic polyurethane elastomer) R&D and production headquarters project, with an investment of 600 million yuan and a planned land area of 30 mu. The project is expected to generate an annual output value of over 600 million yuan and annual tax revenues of over 33 million yuan at its full capacity.