Two foreign-funded projects broke ground in Qingdao West Coast New Area, a high-level platform for opening-up in Qingdao, on June 26, demonstrating the confidence of foreign enterprises in the country's development.
They are Qingdao Food Technology Park invested by Louis Dreyfus Company (LDC), a global merchant and processor of agricultural goods from the Netherlands, and Smart Garden Machinery Manufacturing Project invested by Yardmax, a leading global outdoor power equipment manufacturer from the United States.
The LDC Qingdao Food Technology Park, initiated as a result of the Qingdao Multinationals Summit, will cater to the food and feed industries in East China and all of Northeast Asia, aiming to establish a secure and sustainable agricultural food supply chain.
The Yardmax Smart Garden Machinery Manufacturing Project involves the construction of modern factories and research centers, focusing on intelligent lithium-powered garden machinery. Serving as a typical project driving the green and low-carbon transformation, this project marks Yardmax's second production base in the Qingdao West Coast New Area.
It is projected to produce 400,000 units of lithium-powered new energy outdoor garden machinery annually, with an estimated annual output value surpassing 800 million yuan ($111 million). It will create over 500 new jobs, filling the gap in the outdoor new energy and intelligent power equipment industries in Qingdao West Coast New Area.
Email: xhatg@qd.shandong.cn 
Tel: 0532-86812345 
Address: No 181 Xihai'an Road, Huangdao district 
