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Industrial Machine Tool Industry Investment Fund to Promote the Development of Shandong's Industrial Machine Tool Sector

Source：Haibao News 11-19-2024 09:00:00

Recently, the Department of Industry and Information Technology of Shandong Province signed a cooperation agreement with the Industrial Machine Tool Industry Investment Fund in Jinan. It is introduced that both parties will establish a long-term cooperation mechanism focusing on jointly implementing national industrial policies, supporting the development of five key sectors, enhancing industrial competitiveness, and promoting mergers and acquisitions both domestically and internationally. They will strengthen policy linkage and resource coordination to promote the clustering and upgrading of Shandong's industrial machine tool sector and the growth of industrial chain enterprises.

Shandong Province has strong strength in the industrial machine tool sector. In recent years, characteristic industrial clusters have developed in Jinan, Weifang, and Zaozhuang within the industrial machine tool sector. At the end of last year, the People's Government of Shandong Province issued the Action Plan for the High-quality Development of Shandong's Industrial Machine Tool Sector (2023-2027), proposing that since the implementation of the "one cluster, one company, three nuclei, and one system" breakthrough project, the industrial machine tool sector has continuously enhanced independent innovation and supply alignment. The entire sector has maintained stable growth, with an increasing array of high-end products and the emergence of numerous competitive products.