Xinyu enjoys the highest degree of industrialization, with its industry contributing,69.3% of GDP increase, and the industrialization rate 55.9%. 2 0f 3 “hundred—billion projects” of Jiangxi Province successfully settled in Xinyu, including the “hundred—billion project” mainly conducted by Xinyu Iron & Steel Co.Ltd. to extend the main business of iron and steel industry”, a hundred—billion RMB,and the other project mainly conducted by LDK Solar to
expand the main business of photovoltaic industry to a hundred—billion RMB. Industry will be a good support for Xinyu to develop in a fast but steady way. Xinyu Iron & Steel Co.Ltd.,ranked 57th among the world’s iron and steel corporations, is the national largest production base of ferroalloy, and also the first single enterprise which made its sales revenue over lo billion RMB. The “3-million—ton sheet metal” with an investment of 15 billion RMB will improve its sales revenue t0 40—50 billion RMB after production. LDK Solar Co.Ltd., the largest production base of solar silicon cells in the world, successfully listed on
NYSE (New York Stock Exchange) on June 4, 2007, with its IPO financing 0.469 billion US dollars. LDK Solar created a legend of being built and put into production and successfully listed abroad in only one year. 1,600 MW poly—crystalline silicon wafers and 1,5000 tons of silicon materials cost over 10 billion RMB,but it will bring a sales revenue of over 50 billion RMB after production. Jiangli New Material C0.Ltd., invested almost 5 billion RMB on a nickel project, now enjoys its production of 5,000 tons and will extend it t0 20,000 tons by next year, and 50,000 tons of production and at least lo billion RMB of output value by the year of 2009. Equipped with the largest electric power load center,with a total installed capacity up t0 3 million kilowatts in recent years. Xinyu is sufficient in its electric power supply. Fenyi Power Generation Company is the largest experimental base of Circulating Fluidized Bed Boiler in Asia. Around the leading industries, a great many enterprises of developmental potential occurred,including Tianneng Electric Power C0.Ltd., China National Materials Group Corporation, Xinliang Special Steel C0.Ltd., Ganfeng Lithium Co.,ltd., Lide C0.Ltd., Yongsheng Industry Group and so on. In 2007, the Tour leading industries of iron and steel ,photovoltaic,new material and electric power provided an added value of 9.661 billion RMB. Which is 65.1% of those provided by industries above designated size Industrial park is growing up in a rapid way. The added value provided by industries above designated size in 2007 reached 5.437 billion RMB, 60.1%up over the year before. The comprehensive power of Xinyu Economic Development Zone has been developed into the top 3 among industrial parks of Jiangxi Province. During the same year, Xinyu Economic Development Zone was titled as national base of sci—technical trade pioneering and innovation by Ministry of Commerce and Ministry of Science and Technology of People’s Republic of China. It is advancing toward of being a national economic development zone. In 2008,Xinyu Economic Development Zone, Fenyi Industrial Park, Liangshan Industrial Base, Yuan River Industrial Base and Xiacun Industrial Base are planned to rise up their main business income respectively t0 22 billion RMB, 5 billion RMB.5 billion RMB, 2 billion RMB and 2 billion RMB.
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