Fourteen senior foreign executives from the foreign-invested companies in Suzhou New District, Suzhou, Jiangsu province are awarded medals for their contributions to local development. [Photo/WeChat account: snd-szgxqfb]
Fourteen senior foreign executives from foreign-invested companies in Suzhou New District, Suzhou, Jiangsu province were recently awarded medals for their contributions to local development by the Suzhou Municipal Government, according to local media reports.
Hiroshi Kanie, executive vice president of NGK Insulators Ltd and former president of NGK (Suzhou) Automotive Ceramics Ltd, was granted the title of Suzhou Honorary Citizen.
Under Kanie, NGK's Suzhou company sold more than 2 billion yuan ($279.89 million) worth of products, and its pre-tax profits totaled 320 million yuan in 2018. Kanie has also paid particular attention to protecting local natural environment and safeguarding social welfare.
Christian Grosch, global quality manager of Siemens AG and former general manager of Suzhou Siemens Electrical Apparatus Ltd, was granted the title of Friend of Suzhou.
Since Grosch assumed the post of general manager in 2016, the company has maintained stable growth and paid a total of 400 million yuan in taxes to the local government in the past three years.
Under Grosch's leadership, the company also established a customer center and a digital model shop last year.
Since its establishment in 1990, Suzhou New District has focused on attracting investment.
The district is currently home to more than 1,700 foreign companies with more than $27 billion in registered capital, of which over 550 are Japanese-funded businesses.
This year, the district introduced a series of key projects, including the headquarters of Analogix Semiconductor Inc, a world-renowned chip designer, and the IVD products manufacturing base of bioMérieux Corporate, a world-class in vitro diagnostic solutions supplier.
In the first eight months of this year, the district utilized $520 million worth of foreign capital, a yearly increase of 55.8 percent.