District a magnet for headquarters
Print Edition
The R&D Center of Shanghai Daktronics Co Ltd in Putuo was recently identified as the first foreign-capital R&D center of Putuo District in 2015 by the Shanghai Commission of Commerce. It鈥檚 also the sixth government identified R&D headquarters in Putuo.
Shanghai Daktronics was established by Daktronics Inc of the United States in October 2005.
Founded in 1968, Nasdaq-listed Daktronics Inc is the industrial leader of LED display facilities such as screens and lamps.
Its market share accounts for more than 80 percent in the US and 31.2 percent across the world. It鈥檚 rated by Stanford Resources as the world鈥檚 top LED display system supplier.
As the wholly owned subsidiary of Daktronics Inc, Shanghai Daktronics is the R&D headquarters and assembly base of Daktronics Inc in the Asia-Pacific Region. It directly administrates all the subsidiaries and offices of the parent company in the region including Australia, Singapore, Japan, the Chinese mainland, Hong Kong and Macau.
The newly identified R&D center of Shanghai Daktronics will participate in making big decisions on strategy, new products and new technologies of the company. It will be the key for future innovation, and it鈥檚 expected to improve the company鈥檚 core competitive power.
Center of innovation
To implement President Xi Jinping鈥檚 desire to turn Shanghai into an international innovation center, the city has launched a program to attract more foreign-invested R&D centers this year.
Putuo has taken various measures to follow the program, including attracting more high-end foreign capital R&D centers, establishing a better environment for them.
In recent years, the R&D headquarters of foreign-capital companies have made great contributions to Putuo鈥檚 economic and social development.
In 2014, the five foreign enterprise headquarters in Putuo contributed 317 million yuan (US$50.97 million) in taxation, up 6.29 percent, with a total operating revenue of 2.4 billion yuan and a total net income of 304 million yuan.
Among these companies, Nalco and Kone Cranes ranked 9th and 31st respectively in the top 100 corporate taxpayers of Shanghai last year.
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