HONGDA HEAVY INDUSTRY MECHINERY INDUSTRIAL PARK cornerstone laying ceremony takes place in September 12th at LAIYANG’s eastern suburb construction site. Laiyang Municipal Party Committee,Laiyang Municipal People's government, Laiyang People’s Congress and Laiyang Peope's Political Consultative Conference all attach great importance to the park and top officials from these institutions attend the ceremony. Mr. GuiheYu, board chairman of Hongda Group, cut the ribbon together with the government officials.The whole park covers an area of 412 mu (275,000m2) and is estimated to demand an investment of US$160 million, which will take two years to finish all the construction.To spend so much on the park is HONGDA’s important policy to realize new leapfrog development,which also marks HONGDA’s new development period.