Shandong province has launched preferential policies and measures, as well as organized special working teams to ensure that foreign-invested projects continue to proceed smoothly, local media reported.

H.B. Fuller's project in Yantai, Shandong province [Photo/iqilu.com]

Recently, the second phase project of H.B. Fuller, a major American adhesives manufacturing company supplying industrial adhesives worldwide, was put into operation in Yantai, a coastal city in Shandong province.

The new project, which has an investment of $25 million, has an annual production capacity of 8,000 tons of adhesives.

According to Yantai officials, they have done much work to introduce H.B. Fuller to the city. In 2019, the company planned to select a city to build its research and development production base in China, in which Yantai, as one of the candidate cities, did not have an advantage.

"We've provided favorable policies to support the success of key foreign-invested projects, including land supply, and talent recruitment. A batch of influential chemical enterprises in Yantai like Wanhua and Loctite will also add the city's appeal to H.B. Fuller," said Ju Jinyuan, an official from the Yantai Economic & Technological Development Area.

After rounds of in-depth negotiations, H.B. Fuller finally decided to settle its project in Yantai.

Engineers at H.B. Fuller's project in Yantai, Shandong province. [Photo/iqilu.com]

Yantai also set up a special service team to speed up the construction of the new project. Government officials were assigned to the project to ensure that difficulties in the construction process can be solved in an efficient manner.

"Yantai has a very good business environment and offers us high-quality and efficient services. We are confident that we will raise our output value to 1 billion yuan ($154.5 million) in three to five years, and that we will build the project in Yantai into our R&D and production center in China," said Wang Ningning, director of H.B. Fuller's Asia-Pacific Operations.