Core Insights - Changzhou High-tech Zone has become a significant area for foreign investment, attracting global 500 companies to establish their operations, including headquarters and R&D centers, indicating a favorable business environment [1][5][10]. Group 1: Company Developments - Saint-Gobain, a global leader founded in 1665, established its factory in Changzhou in 2005 and has since expanded its gypsum powder business, with a production capacity of 34 million square meters of gypsum board and 16,500 tons of gypsum powder annually [5][7]. - The company relocated its China headquarters to Changzhou High-tech Zone in 2022, marking a strategic decision that reflects the region's supportive business environment and efficient government services [5][7]. - Alant New Materials has also made significant investments in Changzhou, focusing on high-performance materials for the new energy sector, with ongoing projects that leverage local industrial synergies [10][13]. Group 2: Economic Impact - In 2023, Saint-Gobain's factory in Changzhou generated nearly 500 million yuan in output, contributing to a total output of over 3 billion yuan for the company's operations in China [7]. - The Changzhou High-tech Zone has attracted 34 billion USD in foreign investment during the 14th Five-Year Plan period, with a total import and export volume exceeding 650 billion yuan, maintaining its position as the leading area in the city [15]. - The region has seen a doubling of foreign investment projects compared to the previous five-year period, with 121 new projects and an agreement investment amount of 2.036 billion USD [15]. Group 3: Environmental Initiatives - Saint-Gobain has implemented a green circular economy approach by utilizing desulfurized gypsum from power plants, achieving a utilization rate of over 96%, thus reducing reliance on natural gypsum and minimizing waste [7]. - The company has established a partnership with local power plants to convert industrial waste into high-quality gypsum products, demonstrating a commitment to sustainable practices [7]. Group 4: Future Outlook - The Changzhou High-tech Zone aims to enhance its open economy and promote high-quality industrial development, focusing on cross-border integration and collaboration among enterprises [22][24]. - The region is set to encourage foreign investment in headquarters and R&D centers, leveraging its strategic location and comprehensive service systems to support companies in exploring new markets [24][26].