A project named Ernest Technology with a total investment of 78.55 million US dollars was set up in Huaiyin district of Huai’an city in March this year.

Ernest Technology offers its intangible asset, namely proprietary technology in a joint venture, which marks another achievement in Huai'an's efforts to attract foreign investment .

The project is involved in the R&D, production and operation rebar-connecting technology, which is prospective in the field of high-rise residential houses and commercial buildings. It has received a sum of foreign investment of 50.18 million US dollars.

Source:jschina.com.cn