On November 14, 2022, the new project of IHI Sullair was settled in the Suxiang Cooperation Zone: the signing ceremony of the project between IHI Sullair and the management committee of the Suxiang Cooperation Zone of Suzhou Industrial Park on the construction of a production base for industrial centrifugal compression systems and equipment was successfully held in Suzhou Caohu Liusu Hotel. IHI Sullair will set up a new company in the Soviet Union cooperation zone to build a centrifugal compressor system and equipment production base. The total investment of the new project is 90 million US dollars, providing strong support for IHI Sullair to take root in China and continue to develop its centrifugal compressor business.

Wu Lie, member of the Party Working Committee and deputy director of the management committee of the Soviet Union Xiangtan Cooperation Zone, and Hiroshi Nakamura, president of IHI Shouli, signed the contract as representatives.

Liu Hua, member of the Party Working Committee and deputy director of the management committee of Suzhou Industrial Park, Han Xin, member of the Party Working Committee and deputy director of the management committee of Suzhou Industrial Park, member of the Standing Committee of the Xiangcheng District Committee, secretary of the Party Working Committee and director of the management committee of the Suzhou Xiangshan Cooperation Zone, Jiang Weiming, director of the Investment Promotion Committee of Suzhou Industrial Park, The signing ceremony was attended by the senior representative of IHI Sullair's parent company group, the director of Ishikawa Island (Shanghai) Management Co., Ltd., the president of Shenzhen Sullair Asia Industry Co., Ltd., the president of IHI Sullair Production Center Center Chen Lin, the financial director of IHI Sullair Jiang Sufang and other relevant personnel.

Liu Hua, member of the Party Working Committee and deputy director of the Management Committee of Suzhou Industrial Park, thanked IHI Shouli for its contributions to the economic and social development of the industrial park over the years.

She said: "The park strongly supports IHI and Shouli to invest in new projects in the cooperation zone. The settlement of new projects is the implementation of the integrated development of Suzhou, which will further drive the development of the open economy in the cooperation zone. The park and the Suxiang cooperation zone will also provide strong support and guarantee for the follow-up development of the project.

Hiroshi Nakamura, president of IHI Sullair, expressed his expectation for the new project of Suxiang production base: "IHI and Sullair have been working in the industrial park for 18 years, and the management committee of the park has given strong support. The establishment of a new factory in the Suxiang cooperation zone is of great significance for the Group and China's market strategy, and also a new leap forward. As an old Chinese saying goes," A journey of a thousand miles starts with a single step ", IHI Sullair will never forget its original intention, Continue to make efforts in the centrifugal air compressor industry to create more contributions to the local economic and social development.