On June 8th China international Marine containers (group) co., LTD., a wholly owned subsidiary of cimc container holding group co., LTD and ningbo yinzhou economic development zone management committee signed the "Yin cimc logistics equipment manufacturing project" the investment agreement. On this basis, a container holding Yin agreed to invest in two phase of the project, project total investment of about 3 billion yuan. In 2015 is expected to complete the first phase of the project investment construction and put into production, to complete the project phase ii construction investment in 2018.

It is reported that about 1.5 billion yuan of investment in fixed assets (including land). Ningbo yinzhou economic development zone management committee for the project set up a leading group for project construction, within the scope of the policy and legal permission to help coordinate container holding ningbo yinzhou district land, urban construction, planning and other related departments, provides the omni-directional service for the project construction. Container holdings must be according to the provisions of the relevant departments and requirements of the development zone construction planning construction.

Main construction project will be to development, production, sales, standard or special container etc all kinds of logistics equipment and parts, and provide after-sales technical services integrated manufacturing base. After the project, expected annual capacity of 450000 TEU, phase one project design production capacity of 200000 TEU.

Location and area: project under this agreement a ground site ningbo yinzhou economic development zone phase ii, the project with a total land area of 470000 square meters (about 700 acres). Container holding company will be listed according to the statutory procedures for cases of land use right in the land of the agreement, signed with departments of land and resources and in accordance with the "purchase confirmation" indicate the price and time, and land and resources management departments signed the state-owned land transfer contract.

Company said that as the global economic growth gradually restored, and the gradual improvement of the global rate of containerization, estimated in the future will continue to be a long-term growth trend of container. Yinzhou, after the completion of the project will be good for the group to further consolidate and maintain leading position in the container industry. Project investment will be provided by the group's own money.