During the visit of Changzhou economic and trade delegation to Japan, the delegation signed a cooperation agreement with the world renowned automobile spare parts manufacturer --- Ryobi Limited in Japan. Ryobi will invest USD 100 million to implement an aluminum die castings program in Wujin High-tech District. Ryobi, established in 1943, is a world famous automobile spare parts manufacturer, and almost all the well-known auto makers worldwide are using their products. Looking to further increase in the huge Chinese market, the aluminum die castings program invested by Ryobi in Changzhou has set the registered capital of USD 33 million, with an estimated investment totaling more than USD 100 million. |