At night of May 25 U. S. local time, Zhong Sheng, Secretary of the CCP Committee and Executive of the NPC Standing Committee of the County, who led the delegation to U. S. to carry out the investment promotion practice, arrived to the State of Massachusetts of U. S. In the morning of the 26th, Zhong Sheng and the group went to Attleboro of Massachusetts to visit Mr. Thomas, CEO of Sensata Technologies and the senior management of the company. The two parties held a friendly meeting on relevant matters of establishing joint venture and cooperation. Great success was achieved on the meeting. Gu Changrong, the Vice Mayor of the County attended the meeting.

Zhong Sheng made a detailed introduction to CEO Thomas on transportation conditions, urban infrastructures, industrial development and investment environment of Baoying. Through such introduction, Thomas further strengthened his confidence in investing in Baoying, clearly stated his stand that he would come to participate in the launch ceremony of Baoying Avenue in July, and was planning to use three to four years’ time to make the sale of Sensata in Baoying break through 2 billion RMB. In addition, he clarified that he would expand the investment in Baoying by building another Sensata.

Sensata Technologies is a globally leader of sensors, electric protectors, controllers and power management solutions. With its headquarter located in Attleboro of Massachusetts, the company was listed in the New York Stock Exchange in March this year. As the largest IPO in U. S. this year, the successful IPO of Sensata Technologies has become an important sign of the IPO market getting warmer in U. S.

Sensata Technologies (Baoying) Co., Ltd. located in our county is a subsidiary company of Sensata Technologies U. S. Since the establishment of the joint venture of the Electrical Appliance Factory of our county in 1996, through 15 years’ changing and upgrading, the company has become the Sensata’s most profitable production base of thermal protectors in the world and the largest in Asia. In particular, last year, when more than 20 production lines from Japan, Korea, Hungary and Brazil, etc. were moved to Baoying successfully, the production capacity has been doubled than 2008.