Special Refinancing For Equipment Upgrading And Transformation To Help The Digital Transformation Of Printing And Dyeing Enterprises
In the production workshop of Shantou Dingtaifeng Industrial Co., Ltd. (hereinafter referred to as “Dingtaifeng”), with the rumbling sound of machinery, rows of dyeing machines and setting machines operate simultaneously. There is no production plan from the workshop director. The instructions are automatically processed and circulated in the intelligent management system to guide the production of each station.
As a high-tech enterprise in the textile printing and dyeing comprehensive treatment center in Chaonan District, after responding to the “waste into the park” of Shantou textile printing and dyeing industry and regulating pollution discharge, Dingtaifeng is also constantly promoting the equipment renovation and exploring the traditional printing and dyeing process to realize digital production.
In order to speed up the pace of digital transformation, Huang Xizhong, General Manager of Dingtaifeng, plans to invest in the green technology printing and dyeing intelligent manufacturing technology transformation project to update the transformation equipment to further enhance the core competitiveness of the enterprise. However, capital is a real problem that cannot be avoided in the project promotion. “Equipment renovation is a long-term investment with large investment amount and long return period, which is a heavy burden for enterprises,” said Huang Xizhong.
After understanding the situation, Shantou Branch of Postal Savings Bank of China introduced to Mr. Huang the special re-loan policy for equipment renewal and transformation, comprehensively considered the problems of insufficient corporate collateral and long return period for equipment renewal and transformation, and tailored the financing plan for the project, which completed the whole process from loan application to loan release in only one week. “The fund came in a very timely manner, just filling the funding gap of our enterprise’s equipment upgrading project, and the capital cost is also relatively low, which greatly boosted our confidence in expanding production and operation and accelerating green transformation and upgrading,” said Huang Xizhong.
At the end of September 2022, the People’s Bank of China set up a special re-loan for equipment renewal and transformation to support financial institutions to provide loans for equipment renewal and transformation in the manufacturing industry, social services, small and medium-sized enterprises, self-employed businesses and other fields at an interest rate of no more than 3.2%.
The People’s Bank of China, Guangzhou Branch, guided financial institutions within its jurisdiction to actively promote the signing and release of loans for equipment renovation projects by optimizing the approval process and strengthening communication and coordination. As of February 20, 2023, the financial institutions within the jurisdiction of Guangdong Province have signed 251 credits with the project subjects in the list of alternative equipment upgrading projects, amounting to 23.466 billion yuan. Among them, 201 loans with an amount of 10.873 billion yuan have been issued, which have been invested in education, health care, industrial digital transformation, culture, tourism and sports.
Post time: Mar-02-2023