On October 28, 2019, Xugong Brazil Industrial Park passed the joint confirmation of the Jiangsu Provincial Department of Commerce and the Department of Finance, becoming the fourth provincial-level overseas economic and trade cooperation zone in Jiangsu Province. The park is also the first overseas trade and economic cooperation centered on construction machinery in China. Cooperation zone.
Xugong Brazil Industrial Park is located in Baosuo, Minas Gerais, Brazil. It covers an area of 1 million square meters and has a production area of over 100,000 square meters. The park is based on engineering machinery and combines upstream and downstream industrial chains to create a professional industrial park integrating R&D, design, manufacturing, sales, service, spare parts, logistics, finance and leasing.
Since 2008, the state, provincial and municipal governments have encouraged enterprises to cooperate and warm together in the process of “going out”, thereby improving their industrial competitiveness and ability to resist risks. The State Council and Jiangsu Province issued corresponding documents to encourage and support enterprises with large production capacity and strong competitive advantages to invest overseas and build overseas industrial cooperation clusters.