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Industry park powers ahead

PROJECTS worth almost 2 billion yuan (US$295 million) have been launched in Nanhui Industrial Park, between Pudong International Airport and the Yangshan Deep-Water Port.

Projects include alternative energy, information technology and electronics, advanced equipment manufacturing and services.

They include Shanghai Sun-hi Solar, Shanghai Shenghua Cable Group, Shanghai Special Cable Electrotechnical Co Ltd, Shanghai Jianqiang Telecommunication, Zhonghang Xiangfeng International Logistics, among others.

The projects will cover almost 34 hectares and are expected to generate almost 5 billion yuan in annual revenue.

Shanghai Sun-hi Solar will build one of China's largest manufacturing centers for thin film amorphous solar cells and other photo-voltaic modules. It is investing almost 1.2 billion yuan in the 8.2-hectare project.

Shanghai Special Cable Electro-technical Co Ltd is investing 169 million yuan in a 3-hectare base to produce wire, cable and other electrical materials; it will also be involved in design and services for engineering technology.

Shanghai Shenghua Cable Group's new 200-million-yuan enterprise will cover around 5 hectares. It produces many kinds of cable, including 110KV high-voltage cable, power cable, mining cable, computer cable and oxygen insulation cable.

The project will create more than 1,000 jobs and generate an annual sales volume of 1 billion yuan; it's expected to pay around 50 million yuan in taxes.

"These developments are a level-up and will be a milestone for the industrial park's future," says Xi Zhizhong, director of park management.

"We will continue to serve the enterprises and provide a bigger platform to attract more companies."

The park in the eastern part of the city was set up 15 years ago and has advantages of geography and transport.

It's about half an hour's drive to People's Square, the city center. The Daye River, the largest artificial river in Shanghai, flows through the park, connecting it with the Huangpu River and the East China Sea.

The Yangshan Deep-Water Port, China's largest in terms of cargo traffic in 2007, is just 40 kilometers away. Pudong airport is 8 kilometers away and Hongqiao airport is 45 kilometers distant.

By the end of last year, the park had attracted more than 1,200 companies, including 118 large manufacturers.

Fixed asset investment is 11.2 billion yuan. Domestic investment is 6.4 billion yuan and foreign investment is around US$1 million.

After Nanhui District was merged into Pudong New Area in May, the park's industrial production value reached 4.4 billion yuan in the first three quarters of this year, an increase of 6.6 percent year-on-year. Its contracted foreign capital of US$45.7 million increased by 90.7 percent.

The park's planned area is 28 square kilometers, but only 40 percent is developed.

In the next three to five years, another round of development will be launched.

The 15-square-kilometer southern part, which is south of the Dazhi River, will become the base for the solar power industry, aviation, car manufacturing and shipbuilding.

The park encourages investments in optoelectronics, machinery and other fields. It attracted US$70 million contractual foreign investments in 2007.

International tenants include Unitor from Sweden, Rintal SPA from Italy, and Procom and Johnson Control from the United States.

Domestic tenants include Shanghai Dong Long Garments and Shanghai Chengda Machinery Co Ltd.

Procom Electrical Appliances (Shanghai), covering 5 hectares, was established there in 2004 with investments of US$22 million. It manufactures household and industrial heating appliances.

Shanghai Yanfeng Johnson Controls Seating Co was inaugurated in 1997, with joint investment of US$53 million by Shanghai Yanfeng Visteon and Johnson Controls. It produces auto seating, interiors and accessories.


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