The reporter learned from the Qingdao Foreign Trade and Economic Cooperation Bureau that Qingdao Adil Axle Manufacturing Co., Ltd., invested by the Italian Adil Group in Lingang Economic Development Zone, Qingdao, has officially started production. After all the projects have been completed, it is estimated that the annual sales income will be RMB 1 billion yuan and the profits and taxes will be RMB 100 million.

The Qingdao Adil Axle Manufacturing Project has a total investment of 13 million U.S. dollars and is mainly used for the production of automobile parts such as axles and suspensions. The project construction plant has a total of 55,000 square meters, of which the first phase of the project has built 22,000 square meters of factory buildings. After the first phase of the project is put into production, the annual production capacity will reach 10,000 sets of axles and 50,000 tons of auto parts. The annual sales income will be 200 million yuan and the profits and taxes will be 20 million yuan.

Italy's Adil Group is headquartered in Uboldo, an annex of Milan. It has wholly-owned companies in France, the United Kingdom, Poland, and Brazil. It designs, develops and produces agricultural trailers, axles and trailers for trailers, trailers, and dump trucks. A construction vehicle axle.

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