Shaoxing, Zhejiang Province, July 1st, The groundbreaking ceremony of the second batch of major industrial projects of Shaoxing city was held in Paojiang Economic Development Zone on June 24. This is another huge initiative of economic transformation and upgrading in Shaoxing city.

The five projects started this time attracted more than 3.49 billion yuan investment, including Fiberteck's transceiver project with annual output of 5 million modules. The total investment of Fiberteck has reached about 55 million Yuan. The project is expected to reach 2billion Yuan revenue for Fiberteck.

Fiberteck (http://www.fiberteck.com/En/) is a start up transceiver company in Shaoxing city. Hongkong Shibeier group invested 55million USD in the company.