Two German enterprises signed to settle in Jiashan-Qingyuan-Jiuzhaigou Enclave Industrial Park in Jiashan county in Jiaxing, Zhejiang province, on April 20, with total investment of 38 million yuan ($5.37 million).

KAPP NILES, one of the signing enterprises, is mainly engaged in the research and development, production and sales of numerical control grinder machine parts, and will invest 15 million yuan in this new venture.

SHW Werkzeug-maschinen is one of the world's leading manufacturers of travelling column machines and an internationally renowned specialist in machine processing. With an investment of 23 million yuan, it is expected to achieve annual sales of more than 30 million yuan.

The Jiashan-Qingyuan-Jiuzhaigou Enclave Industrial Park was co-founded by Jiashan county, Qingyuan county in Zhejiang's Lishui and Jiuzhaigou county in Sichuan province in November 2018. The first and second phases of the park will be completed and put into use in August 2020.