The Singapore Hoisting and Transportation Equipment Manufacturing Industrial Park project, in Yangshan County, Huishan district, was signed recently.

The Project is invested and established by the listed Sincap Group in Singapore. Being China’s first hoisting and transport equipment manufacturing industrial park, Sincap specializes in exploring and trading gypsum mine, aluminum oxide and coal.

Starting with the exploration and transaction of gypsum mines in China since 1999, Sincap has developed into a leading enterprise in the industry. The company has invested 130 million Singapore dollars ($97.34 million) to establish the industrial park.

Yangshan town is one of the largest industrial bases of crane manufacturing in China. With its advantageous location, the park is engaged in R&D of modern lifting equipment and transport systems. It is expected to reach an annual output value of 300 million Singapore dollars after its normal operation.