A cold-chain high-tech industrial park, with a total investment of $800 million, will be set up in Jiaozhou of the coastal city of Qingdao in East China's Shandong province by the China International Marine Containers (Group) Ltd Construction began on Sunday.
Covering an area of 5.8 hectares, the park contains five integrated sections, including an industrial management headquarters, a research academy, a refrigerated container factory, and equipment-manufacturing centers.
When complete, the park's total value of output is estimated to reach 15 billion yuan ($2.4 billion), with an annual production of 100,000 cold boxes.
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