On the morning of September 26, Ottolif (China) Security System Co., Ltd. held a completion and commissioning ceremony for the second phase of the project. Bao Delin, deputy secretary of the Party Working Committee and director of the Management Committee of Nantong Development Zone, and Cao Yanhui, member of the Party Working Committee and deputy director of the Management Committee of the District. Before the ceremony, Baodelin and Sun Yi, president of the China Region of Ottoliv Group, had in-depth exchanges on further cooperation between Ottoliv and Nantong Development Zone.
Otolif (China) Automotive Safety Systems Co., Ltd. is invested and established by the global leader in automotive safety systems - SwedenOtolif Company . Ottoliv built a production base and technology center for integrated automobile safety systems in the development zone. The total cumulative investment of the first and second phases projects exceeded US$260 million, and the investment of the second phase projects was no less than US$100 million. After the project reaches full production, the annual production capacity will be increased by 60%, further improving the development level of the automobile industry in Nantong Development Zone.
District Party Working Committee Deputy Secretary and Director of the Management Committee Bao Delin first congratulated the completion and commissioning of the second phase of the Ottoliv Automobile Safety System Co., Ltd. on the completion and commissioning of the second phase of the project. He said that the second phase of the project has achieved negotiations in the same year, signing in the same year, registration in the same year, arrival in the same year, and start construction in the same year, reflecting the company's full trust and recognition of the business environment in our district. He sincerely hopes that Ottoliv will take our district as the first choice for investment, further increase effective investment, settle more and better projects in our district, continuously amplify the effect in the development zone, and jointly create success and create brilliance!
Autolif Group China President Sun Yi said that since the company settled in Nantong Development Zone in 2013, it has received strong support from the main leaders of the development zone and various departments. Nantong Development Zone is an important partner for the development of Ottolif Group. In the future, it will continue to carry out in-depth cooperation with the development zone and continue to increase investment.
