On August 8, Rifeng group officially signed a contract with Chongqing Rongchang district government to invest 1 billion yuan to build a smart ceramic sanitary ware production base in Rongchang national high-tech zone. This base will mainly produces smart ceramic sanitary ware products and bathroom cabinets etc. In the future, Rongchang sanitary ware production base will become an important foundation for Rifeng to achieve market expansion and promote the development of integrated and intelligent strategic planning.
Rifeng's Rongchang ceramic sanitary ware production base of Rifeng Enterprise Group covers an area of 300 acres with a total investment of 1 billion yuan. The annual output value is expected to be more than 1.5 billion yuan. The base construction period is two years, and it is expected to be completed in 2020 and will be put into production in 2021.
Mr. Xu Tenghui, CEO of Rifeng Group, said that "The establishment of intelligent ceramic sanitary ware production base in Rongchang is a major step for Rifeng's strategic layout. After the site selection and repeated comparison, the company finally decided to settle its ceramic sanitary ware production base in Rongchang, Chonqing (a large city in southwest China). Rifeng has confidence in the investment in Rongchang due to its complete supporting measures, good location transportation and the local government's high quality and efficient service."