Amico Industrial Park, located in Ningbo (Luotuo) Electromechanical Industrial Park with a total area of 300 mus, started construction on February 18th, 2004 with a gross investment of RMB 700 million, and its first phase project had been put into operation in January 2006. The Park aims to build a production base of the copper valve, water meter, heating equipment, stainless steel product and tube as well as fuel the expansion of “AM”, No.1 brand in China’s valve sector. Currently, five subsidiaries of Amico have entered the Park, including Amico Copper Valve, Amico Watermeter, Amico Tubing, Amico Smart Bathroom Accessory Technology Co. Ltd and Times Instrument Limited as other are moving in successively. In 2015, the Park’s output value reached RMB 1.598 billion, for now it has formed a highly relative product chain including copper valves, water heating equipment, water meters and tubes, the industrial chain is further expanding and the cluster begins to take effect—it is heading steadily towards professional and industrialization development in large scale.