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Eagle Seal Research and Development (Wuxi) Co., Ltd. held its opening ceremony yesterday. Wang Jinjian, Deputy Mayor of Wuxi, Secretary of the Party Working Committee of Wuxi High-Tech Zone and Secretary of CPC Xinwu District Committee, attended the ceremony.
As a leader in the field of mechanical seals, Eagle Group invested and set up a company in Wuxi High-Tech Zone as early as 2002. This time, once again, it chose High-Tech Zone to set up an independent research and development center. Eagle Seal Research and Development (Wuxi) Co., Ltd. is the first research and development center in China established and 100% controlled by Eagle Industry Co., Ltd. It is also the world's largest research and development center with a total investment of 80 million yuan, and will continue to invest in equipment as needed in the future.
Eagle Seal Research and Development (Wuxi) Co., Ltd. covers an area of 2,510 square meters, of which the research and development building covers about 7454 square meters. It is mainly engaged in the research and development of key components of new energy vehicles and energy-saving and environmental protection technologies and the transfer of technological achievements. It is expected that the company's revenue will reach 70 million yuan by 2022.