Guangxi Liugong Group's products. [Photo courtesy Guangxi Liugong Group]

Liugong Smart International Industrial Park, invested by Guangxi Liugong Group, started construction on Jan 10 in north Liuzhou, Guangxi Zhuang autonomous region.

The park covers a total area of 5,000 mu (333 hectares), with a starting area of 1,500 mu. It will focus on intelligent renovation and industrial upgrading of equipment manufacturing, including earthwork machinery and core components.

An excavator industry section is a major part of the project. Its first phase will have a floorage of 200,000 square meters reserved for smart factories of hydraulic and electric intelligent excavators' component production and assembly. It is expected to produce 30,000 finished excavators annually with an annual output value of over 10 billion yuan ($2 billion).

The park will also optimize local preferential policies to attract Liugong's suppliers to invest, optimizing industrial chains.

Zeng Guang'an, chairman of Liugong, said that the company will step up efforts to become a world-level equipment manufacturer with global competitiveness by accelerating innovation in new products and technologies.