On the morning of September 12, the construction of Hengtai Pharmaceutical Modern Logistics Center started in Wujin National High-tech Industrial Zone. The total investment of the project is 300 million yuan. The income from direct distribution and retail business generated after completion will reach 5 billion yuan. Vice Mayor Liang Yibo attended the event.

Founded in 2004, Hengtai Pharmaceutical Group has more than 300 pharmacies in the main urban areas and towns of Changzhou and Wujin, with a small number of dealers in Wuxi, Taizhou and Zhenjiang. In 2015-2017, the average annual sales income reached 1.6 billion yuan, and the average tax payment was 80 million yuan.

The new project covers an area of 59.4 mu (about 3.96 hectares) and has a planned construction area of 81,000 square meters. It consists of five functional areas, such as logistics distribution area and storage operation area. Having comprehensive service functions such as drug storage, maintenance, sorting, distribution and transportation, and e-commerce, it is an intelligent, garden-style modern logistics center.