On April 28, in Xiannv Industrial Park of Zhijiang city, the newly-invested production line of Hubei Rick Plastic Co., Ltd. was producing high-grade packaging products for L\'Oreal, Reckitt Benckiser, Blue Moon and other famous enterprises. Cooperated with the top 20 global plastic packaging company US Berry Group and invested $50 million in the world\'s most advanced washing and cosmetics packaging production line, Rick Plastic will achieve an annual output value of 1 billion yuan, an increase of 60 times, said Zhu Xia, the person in charge of the company.

This year, Zhijiang city actively responded to the Economic New Normal, vigorously introduced the excellent and powerful companies and engaged in equity participation and controlling the growth type SMEs to enhance the development strength and ability to resist market risks, thus continuously promote industry economic restructuring. Currently, there were 14 companies through the introduction of excellent and powerful companies to carry out strategic cooperation and asset restructuring such as Rick Plastics, account for 5.8% of the total number of the city\'s large-scale industrial enterprises. At the first quarter, the city’s scale industrial added value increased 12.6%, an increase of 0.7 percentage points.

Jihua 3506 held shares in Xiannv Costumes Company, created the largest military clothing brand in the central area with its Sales Avenue increased 30% in the first quarter compared with that of last year. Yichang Materials Group acquired 65% stock rights of Jukai Paper, and set up Xinwu Regeneration Paper Company, and then invested 500 million yuan on a new 200,000 tons of high-strength corrugated paper production line. The output value will reach 700 million yuan and the tax income will exceed tens of millions dollars if it reaches design capacity. Shandong Weida Group held shares in Ruihui Technology Company and invested 400 million yuan in new high-speed carbide band saw blade projects, which made it become the first one in Asia and fourth one in the world to have this kind of furniture production capacity. Lianyun Electronic used idle office, storage and other facilities to construct e-commercial industrial park, which attracted 9 e-commercial enterprises, 3 logistics companies. Hengyou Chemicals Company, Yangguang Feeds Company and other companies also sought strategic cooperation and promoted transformation as well as upgrading to enhance their market competitiveness.

When Zhijiang city carried out restructuring and expansion for a number of enterprises, it also combined the disposal of bankruptcy and shut down businesses with attracting investment to make an inventory of discontinued assets of bankrupt enterprises. Yichang introduced Runfengnian Agricultural Development Corporation, and invested 32 million yuan to acquire Yichang Hongxin Food Company, and then established Zhongshu Food Company and produced “Juranping” and “Dafuqi” butter pickles with more than 40 varieties, which made traditional dishes becoming a big brand. What’s more, Yichang introduced Shanshan Group and invested 200 million yuan to acquire the bankrupt enterprises Jin Taiyuan Wood Company, and organized the professional flooring manufacturers Hualin Wood Industry. All these enterprises showed a good momentum of development. (Correspondent Yao Hong, Fang Qi)