The phase 2 project of the germany-based EPCOS (Zhuhai) Co., Ltd. kicked off in Hongqi Town, Jinwan Disctrict on February 2. Upon completion, Hongqi Town is to become the biggest TDK-EPCOS inductor production base in China with millions of electronic components shipping overseas every day.

EPCOS is the world's leading manufacturer of electronic components. 13 years ago, EPCOS started its inductor production facility in a leased factory in Hongqi Town. The Zhuhai operation has now 4,600 employees and the output value for 2009 was 700 million yuan, making a tax contribution of over RMB 60 million.