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The Largest Industrial Project of Norway in Dalian Having Increased Its New Investment in Dalian Free Trade Area

Daysago, Molinot (Dalian) Marine Supplies Co., Ltd.,the largest investment projectof Norway in Dalian, decided to further increase its investment and expandoperation in Dalian Free TradeArea. That companywill invest USD 5.29 million to build an automated workshop of 1,200 squaremeters to improve the existing production scale for modernizedmarinemachinery,sea-farming and ocean fishing equipment to meet the ever-increasing globalorder demand in recent years. The settlement of this projectis of great significance for Dalian Free TradeArea to furtherexpand the scale of modern ocean industry and accelerate the high-qualitydevelopment of ocean economy.

Founded in 1948, theproject investor Norway Molinot Holding Group mainly focuses on offshore oilexploration and equipment research and development, offshore breeding andaquaculture equipment manufacturing, ocean fishing supplies and equipment development, etc. With offices in30 countries and regions, it has its products sold worldwide, among which thefishing supplies likefishing nets account forone-third of the global market share. Molinot (Dalian) Marine Supplies Co.,Ltd., as the group's sole subsidiary in China, was completed and put into productionin the Bonded Zone in 2013. In recent years, Molinot Dalian has been developingwitha strong momentum, and grew against the trend especially during the epidemicoutbreak. In order to seize the strategic opportunity period of China topromote ocean pasture construction, the Norwegian headquarters has taken the Daliancompany as its main production, research and development and trade base, anddecided to expand its investment.

Next,Dalian Free Trade Area will continue to seize the strategicmajor opportunityof China to build a strong ocean country, give full play to theunique seaside geographical advantage of Dalian, be led by ocean fordeepploughing of the “One Belt OneRoad Initiative”,speed up the gathering of such port industrial clusters as port and shipping logistics,ocean trade, shipping finance, ocean equipment manufacturing, etc.to help theconstruction of Dalian asan ocean center.