The industrial cooperation park focuses on cross-Strait growth driver transformation in Jinan. [Photo/Dazhong News]

In just three years since its establishment, the industrial cooperation park focusing on cross-Strait growth driver transformation in Jinan, capital of Shandong province, has attracted over 100 Taiwan enterprises, such as Want Want Group, Uni-President, and Master Kong, with a total investment exceeding $2.6 billion.

The Taiwan companies based in the park have achieved an annual output value of nearly 10 billion yuan ($1.4 billion).

With a strong location and transportation infrastructure, the cross-Strait industrial cooperation park is progressively evolving into a new hub for cooperation between Shandong and Taiwan and a model area for serving Taiwan businesses.

For example, Want Want Group, Taiwan's largest producer of rice cakes, established a facility in Jiyang district, Jinan in 2002, becoming the city's first company from Taiwan. The group has gradually expanded its investment and operations in Jinan, and its Shandong facility is now the group's largest, most productive, most profitable, and highest tax-contributing comprehensive production base on the Chinese mainland. The group has also made 20 additional investments, totaling $296 million in cumulative investment, with an annual output value surpassing 3 billion yuan.

As Jiyang integrates into the development across the Taiwan Strait, it is focusing closely on the park's dominant industries, such as food and beverages, intelligent manufacturing, biopharmaceuticals, and next-generation information technology. In a targeted and scientific manner, it has conducted investment promotion, project construction and industrial cultivation. Since the beginning of this year, 29 new Taiwan-related projects have been introduced.