Zhejiang "machine substitution" pulls investment

In the first half of this year, the industrial investment in Keqiao District of Shaoxing City, Zhejiang Province was 14.539 billion yuan, and 50.13% of the annual target of 29 billion yuan was completed, an increase of 6% year-on-year. According to the person in charge of the Keqiao District Economic and Trade Bureau, from the perspective of investment, printing and dyeing clustering upgrade projects and “machine substitution” are the main forces driving the investment growth in the region. At present, there are 40 projects under construction in the Binhai Industrial Zone with 40 projects under construction. Among them, 6 projects such as Shengxing, Jianzhong, and Oriental Times have entered trial production or equipment installation and commissioning phases. According to statistics, from January to June, the printing and dyeing clustering and upgrading project completed an investment of 2.15 billion yuan, accounting for 14.48% of the region.

With the “labor shortage” becoming normal and labor costs becoming increasingly high, more and more companies are willing to spend money on purchasing advanced equipment and realize “machine substitution”. Such as Xinshu Textile Co., Ltd. invested hundreds of millions, the introduction of international advanced air-jet looms and electronic Jacquard machines and other equipment, and equipped with automatic terminal computer control system and automatic weft-finding system, not only simple and accurate operation, and weaving speed. According to incomplete statistics, in the 573 industrial investment projects under construction in Keqiao District during the first half of the year, there were 345 machine substitution projects, with an investment of 10.917 billion yuan, accounting for 75.1% of the total investment. "Enterprises are keen to invest in 'machine substitutions', and in addition to cracking down on 'employment shortage', it is also necessary to change the management mode, achieve fine management, and do finesse and deep industry to seek better development," said the person in charge of the Economic and Information Bureau.