A rendering of the sci-tech park in the North Hongqiao Smart Manufacturing Industrial Park in Jiading district. [Photo/WeChat account: sh-jiading] |
Furniture manufacturer Luckywood commenced the construction of its science and technology park in the North Hongqiao Smart Manufacturing Industrial Park in Jiading district recently.
With a total investment of 143 million yuan ($22.15 million), the sci-tech park has a total construction area of 4.3 hectares that will house seven buildings for industrial research and a high-tech living building. Construction is expected to be completed by the end of 2022.
The high-end manufacturing park will be powered by a new generation of information technology and integrate research and development, pilot testing, manufacturing, warehousing and offices.
Headquartered in Nanxiang town, Luckywood has four production bases in China.
The construction of the sci-tech park represents an upgrade of its original plant that is part of efforts to adopt smart manufacturing.