Signing Ceremony of Lujiang Chemical Industry Park and Finzi Foreign Investment Project in Italy

of July 21, the signing ceremony of the foreign investment project between Lujiang Chemical Industry Park and Finzi, Italy was held. Wang Weiyan, Deputy Secretary of the county Party committee and executive deputy county governor, Yu Desheng, deputy county governor, and Stefano, general manager of Finzi Group China, Italy, attended the signing ceremony. Wang Weiyan

delivered a speech at the ceremony. He said that Lujiang County is a hot spot for investment and entrepreneurship with convenient transportation, sufficient factor guarantee and strong momentum of development, and the county's economy and society are showing a vigorous development trend. As the main battlefield of Lujiang's economic development, Lujiang Chemical Industry Park has continuously improved its infrastructure and business environment. We believe that the layout of Lujiang Chemical Industry Park in Fenqi will have a broad stage and bring huge economic and social benefits. Next, we will do our best to be the "Chief Service Officer", live up to the trust of enterprises, and strive to achieve early start, early construction, early production and early effectiveness of the project.

Stefano said that this investment in Lujiang is Finzi's second investment in China in more than 20 years. The company is full of confidence in the future development and will cooperate with Lujiang County to implement the cooperation agreement, promote the project construction to make substantial progress as soon as possible, and achieve win-win and common development between enterprises and localities.

It is understood that the Italian Finzi Group, founded in 1941, is a veteran enterprise focusing on the field of glass deep processing, with subsidiaries in Italy, China, Belgium and other places, and sales networks in more than 80 countries and regions around the world. Its global market share of mirror back coatings has reached more than 70%. The contracted project is a project with an annual output of 17,000 tons of flat glass and automotive glass chemicals, with a total investment of about 22 million US dollars, forming an annual production capacity of 15,000 tons of mirror back anticorrosive coatings, 1,800 tons of glazes, 0.05 million tons of solar silver paste and 0.15 million tons of automotive silver paste. After the completion of the project, it is expected to achieve an annual output value of 300 million yuan and an annual tax revenue of 20 million yuan.