| Vol. 38, Monthly Issue, Mar., 2005 |
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| INVEST TEDA(monthly) is an e-magazine sponsored by the TEDA Administrative Commission in association with the Tianjin representative office of Deloitte Touche Tohmatsu Accounting Firm (Consultant on Commercial Affairs to the TEDA Administrative Commission). As a bridge connecting the project market with the capital market, the magazine is to provide investors and potential investors with consulting services in terms of TEDA¡¯s latest development, current investment situations, and prospects of development while keeping an eye on the relevant domestic information within China. | |
| Entrepreneur: |
Administrative Commission of Tianjin Economic Technological Development Area (TEDA) |
| Assisted by: |
Deloitte Touche Tohmatsu CPA Ltd, Tianjin Branch | |
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| Bonded Logistics Park to Accelerate the Economic Development of TEDA |
ProLogis, a logistics and real estate giant, will land in TEDA and commence the construction of the Bonded Logistics Park of Tianjin Economic-Technological Development Area in March this year. With the 7th Avenue to its north, the Bohai Road to its west, and the Beijing-Shandong Railway to its east, the big 45-million-dollar project will not only become the first bonded logistics park in Tianjin but also give full play to such a new function as bonded logistics.
In recent years the logistics industry of TEDA has demonstrated a momentum of robust growth. Especially TEDA¡¯s industrial clustering effect and the opportunities brought about by TEDA¡¯s building of an all-directional convenient macro-environment for customs clearance have given new impetus to TEDA¡¯s logistics industry. Now there are over 700 logistics enterprises in TEDA, which engage in transport, storage, freight forwarding, logistics information consultancy, the Third Party Logistics, etc. And logistics infrastructure and equipment have initially taken shape. The advanced large overseas and domestic logistics companies such as DHL, UPS, Exel, Samsung iMarket, Toyota Logistics, DTW Logistics and other small and medium-sized logistics enterprises have settled in TEDA and are operating well. Their business mainly focuses on large and medium-sized manufacturing enterprises and lays special emphasis on the telecommunications products with high value added. Now the logistics industry has become a new source of economic growth in TEDA. |
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| 2005, A Good Start of Investment Promotion for TEDA |
2005 is the start of the second twenty years of TEDA. It¡¯s the first year of a new great-leap-forward development, and in this year TEDA had a good start for investment promotion. In January, TEDA newly approved the establishment of 14 overseas funded enterprises and the capital increase of 10 enterprises. The total overseas investment was 699 million dollars, contracted overseas investment, 201 million dollars, and the actual available investment, 41.18 million dollars. The increase of contracted overseas investment was 145% compared to the same period of last year, and the increase of total overseas investment, 236%.
In the approved projects of overseas investment, there were eight with total investment over 5 million dollars each, five with total investment over 10 million dollars each, and one with total investment over 100 million dollars. The increase of the number of newly approved enterprises was 60% compared to the same period of last year, and the increase of number of projects with total investment over 5 million dollars, 67%. In the projects of capital increase, there were three with capital increase of over 10 million dollars. There was one project of investment from a Fortune 500 enterprise in the newly approved projects and one in the projects of capital increase, and five chemical industrial projects, two auto part projects, two electronic projects, and one biopharmaceutical project in all those projects. The conception of investment promotion to support the leading industries was thus embodied.
What is worth mentioning is the fact that an enterprise with investment of nearly 100 million dollars arrived at the West Zone of TEDA in the first month of 2005, and that the Chemical Industrial Park newly approved the establishment of two enterprises and the capital increase of one enterprise. All was a good start for the development and construction of the West Zone and the North Zone of TEDA. The financial project, the SAIF Venture Capital Investment Growth Fund, is the first non-legal person venture capital fund for overseas investment in the history of venture capital investment of China. |
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| TEDA Chemical Industrial Park, One of the Best for Investment |
As a focus of attention, the awarding ceremony for The Most Investment-worthy Industrial Parks of China in the Petrochemical Industry was recently held in Beijing. The Chemical Industrial Park of TEDA won the title of The Most Investment-worthy Industrial Park of China in the Petrochemical Industry.
With its favorable conditions and geographical advantages, the park attracted investment from many overseas enterprises, multinationals included. At present 29 enterprises with four from the Fortune Global 500 have settled in the park, with their total investment up to 353 million dollars and registered capital 115 million dollars.
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| Samsung Enterprises Gathering in the Microelectronic Industrial Park of TEDA |
Through years of development, Samsung series of enterprises have realized a successful gathering in the Microelectronic Industrial Park and become the biggest pillar enterprise group in the industrial park. According to introduction, the total investment of Samsung Group in the microelectronic industry has accounted for about 80% of that of the industrial park. Up to now the Microelectronic Industrial Park has such Samsung enterprises as Samsung High-Tech Electro-Mechanics (Tianjin) Co., Ltd., Tianjin Tong Guang Samsung Electronics Co., Ltd., Tianjin Samsung Electronics Display Co., Ltd. Tianjin Samsung Telecom Technology Co., Ltd., and Tianjin Samsung SDI Mobile Display Co., Ltd. The Gross Industrial Output Value of the Microelectronic Industrial Park for last year was 31.5 billion yuan, about 90% of which was produced by Samsung enterprises. |
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| National Engineering Research Center of Anti-Computer-Virus Technology Set Up in TEDA |
A project proposal for setting up the National Engineering Research Center of Anti-Computer-Virus Technology has been completed and past an oral defense examination conducted by an expert committee of the National Development and Reform Commission. The project recently also obtained written approval from the Commission.
The center was co-founded by the National Computer Virus Emergency Response Center, which played a leading role, Nankai University and Tianjin University as well as Rising Technology Co., Ltd. and Venus Info Tech Inc. of Beijing. The project, located in TEDA, will finish its construction in three years with a total investment of 87.67 million yuan and some capital assistance from the State. The main tasks of the center are as follows: to provide precaution information on computer virus invasions and improve China¡¯s anti-computer-virus capacity; to offer initiative control and management technologies for China¡¯s computer networks, restrain the spread of virus in computer networks and safeguard the normal operation of national information infrastructure; to strengthen the study of key anti-computer-virus technologies, develop high-end and new anti-computer virus products and propel the industrialization of such products; and to offer such services as trainings and system assessments and advance international technological exchanges and cooperation. |
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| A Lease Contract Signed between the Microelectronic Industrial Park and Tianjin Samsung SDI Mobile Display Co., Ltd. |
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The Lease Contract Signing Ceremony between the General Corporation of Microelectronic Industrial Park of TEDA and Tianjin Samsung SDI Mobile Display Co., Ltd. was held at TEDA International Club on February 3. Mr. Ni Xiangyu, Vice Chairman of TEDA Administrative Commission, was present at the ceremony. The person in charge from the General Corporation of Microelectronic Industrial Park and Mr. Woo Yong-Seon, General Manager of Tianjin Samsung SDI Mobile Display Co., Ltd., signed the contract.
It is known that Tianjin Samsung SDI Mobile Display Co., Ltd. is a joint venture company co-established by Samsung SDI (Hong Kong) Limited and Tianjin Samsung SDI Co., Ltd. With an area of over 40,000 square meters, it was established in the Microelectronic Industrial Park in July, 2004 with a total investment of 25 million dollars. It has a staff of over 900 and focuses on the production and sales of various LCDs for mobile telephones with a designed capacity of 4 million pieces per month. According to analysis of the current situations of the market, the company is expected to have an annual output value of 4 billion yuan. The standard factory buildings that Tianjin Samsung SDI Mobile Display Co., Ltd. leased from the Microelectronic Industrial Park will be used mainly for production and office.
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| A Leading Supplier of Auto Accessories in the Asian-Pacific Region Moored in the West Zone of TEDA |
A ground breaking ceremony was recently held for CMW (Tianjin) Industry Co., Ltd. in TEDA. As the company is the largest overseas-funded enterprise that West Zone of TEDA has attracted since TEDA¡¯s expansion, its establishment will further improve the auto industrial chain of TEDA and intensify the industrial clustering effect.
With a total investment of 96 million dollars and registered capital of 32 million dollars, the company will occupy an area of 200,000 square meters and have its monthly processing and production capacities up to 3,600 tons. Its major products compose such cast iron ones as auto accessories, electric drives, etc. In this October, the company will complete the construction of its first factory building and start trial production. In next March, it will finish the construction of all its factory buildings of about 60,000 square meters and begin its production. It is expected that after the commencement of its production, the company will have an average annual sales income of 100 million dollars, with 55% of its products sold domestically and 45% sold in North America, Japan and other countries.
It is learned that the investor of the new company, China Metal International Holdings Inc., is a leading enterprise in the processing of auto parts and precision machinery in the Asia-Pacific Region and has equipped itself with certain market advantages.
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| Capacity Expansion of SMIC Approved |
Recently, the chip production expansion project of Semiconductor Manufacturing International Corporation (Tianjin) obtained approval from related state ministries. Paperwork for the preferential treatment granted by the nation is also under way.
Registered in the British Cayman Islands in April, 2000, SMIC is headquartered in Shanghai and operating 3 production lines of integrated circuit chip in Shanghai and Beijing respectively. It is by now the largest integrated circuit OEM supplier in China and mainly produces chips with a diameter of 8 to 12 inches and a line width of 0.11 to 0.35 ums. This Tianjin facility was set up through SMIC¡¯s acquisition of the chip facility of Motorola£¨China£©Electronics Co., Ltd.. To strengthen market competitiveness, SMIC Tianjin plans to expand its production capacity from the current 1,000 to 30,000 chips per month through increasing investment by 810 million US dollars. It will hopefully become a new economic growth point of Tianjin¡¯s hi-tech industry and register an annual sales income of over 3 billion yuan. |
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| Investment Promotion Bureau of TEDA |
Tel:(86 22)2520 2597 |
Fax:(86 22)2520 1836 |
| WAdd: No. 19, Hong Da Street, TEDA, Tianjin |
Postcode:300457 |
Website:http://en.investteda.org/ |
Deloitte Touche Tohmatsu CPA Ltd.
Tianjin Branch |
Tel:(86 22)2320 6688 |
Fax:(86 22)2320 6699 |
| PostCode: 300051 |
WebSite:www.deloitte.com.cn |
| E-mail:jassua@deloitte.hk.com |
| Add: 30/F The Exchange North Tower 189 Nanjing Road Heping DistrictTianjin 300051,PRC |
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