Guangdong Kangming Air Conditioning Equipment Co., Ltd. has started construction on its new base in Chongqing.

   Guangdong Kangming Air Conditioning Equipment Co., Ltd. (Chongqing Kangming Air Conditioning Equipment Co., Ltd.) signed an investment agreement with Chongqing Dianjiang Industrial Park in November 2017 to build a production base for central air conditioning equipment and cooling towers. The project investment is 75 million yuan, of which 50 million yuan is for fixed assets. The project covers an area of more than 50 mu and plans to build a production and supporting workshop of 30,000 square meters. The project is expected to generate annual revenue of 150 million yuan and contribute 35 million yuan in tax revenue in three years after it starts operation. It will also create 150 job opportunities. The project is scheduled to start construction in January 2018 and is expected to come into operation in April 2019.