Altogether 82 world-famous multinational companies in the electronic industry and supporting enterprises from 12 countries and regions have arrived at the Park, the total investment being 870 million dollars, with an average investment of over 10 million dollars/enterprise and 1,000 dollars/square meter. 47 overseas-funded enterprises account for the majority of the 82 enterprises with most of them being world-famous multinational companies in the electronic industry such as Samsung Mobile Phones, Samsung Monitor, Rohm Electronics, Hyundai Electronics, Alps, and Danaher, etc.

China¡¯s Ministry of Information Industry issued a few days ago the Decision to Identify Such 31 Cities and Regions as Beijing Economic-Technological Development Zone as the First State-level Electronic and Information Industrial Parks. Thus 31 cities and regions have gained the status of the first state-level electronic and information parks. Four parks of Tianjin has been included in the group, and three of them are in TEDA, namely State-level Communications Industrial Park of Tianjin, State-level SMC Industrial Park of Tianjin, and State-level IC Industrial Park of Tianjin. They account for 1/10 of the total number of the first approved parks, which shows the powerful development of the electronic and information industry of TEDA.

Recently, the Investment Service Center of West Zone of TEDA was officially put into use. As a carrier for the west-ward extension of land, administration, industries and service of the East Zone (the mother area of TEDA), the Center covers an area of 23,000 square meters (construction area 10,400 square meters). It is consisted of 14 conference rooms (including one 120-person auditorium and two 30-person council chambers) and a series of government service desks such as business administration, construction, environment protection, human resources, work safety, law enforcement, public security, fire control and West Zone development. The sufficient conference space and open working environment guarantee both satisfactory services to the enterprises and highly efficient investment promotion.

The projects in the West Zone now are mainly those of auto parts, machinofacture, and biopharmaceutical industries. With the arrival of such projects as Vestas wind power system, the new energy resources industry is taking shape. As is known, up to now, the West Zone has eight projects with their respective total investment of over 30 million dollars and two with their respective total investment of over 100 million dollars, the investment averaging over 26 million dollars/project. Among the projects, Kennametal of America, Vestas wind power system of Denmark, Kumho tire of South Korea, and AW automatic transmission etc. are all taking the lead in their industries in the world.

Recently, the opening ceremony of Jurong Hi-tech (Tianjin) Co., Ltd. was held in TEDA. With a total investment of 12 million US dollars, the Company was founded in June, 2004 and mainly engaged in cell phone PCB production. Jurong Technologies Industrial Corp, the parent company of Jurong Hi-tech Tianjin, is a renowned electronics group in Singapore. Its investment in TEDA will surely beef up the development of local IT industry.

Kumho Asiana Group of South Korea laid foundation for its tire manufacturing base in TEDA a few days ago. Kumho Tire Tianjin Co., Inc. is established by Kumho Tires, subsidiary of Kumho Asiana Group of South Korea. Kumho Asiana Group is a famous multinational company of South Korea. Its business covers finance, trade, tire production, petrochemical industry, transportation, and civil aviation, etc. Investment of phase I of the Kumho project is 185 million dollars, and there will be a capital increase of 130 million dollars for phase II. The ultimate annual output will be 10.4 million radial tires. This project covers a total area of 310,000 square meters. Kumho Tires will commence the production of phase I in July next year. It also plans to invest 20 million dollars in establishing an R&D center in Tianjin with a staff of 300 or so in August. Kumho Tianjin will become headquarters of Kumho¡¯s overseas manufacturing base, an integration of tire research, development, production, and sales in the future.

It is introduced that as the project¡¯s investor, Japan¡¯s Mitsui Chemicals, Inc. was founded in 1912, and its main business involves petrochemicals and basic chemicals. In 1993 Sinopec Tianjin Petrochemical Company, Mitsui Chemicals Inc. and Chori Co., Ltd. established Tianjin Cosmo Polyurethane Co., Ltd. in TEDA. As its business continues expanding, the board of the company decided to set up another facility in TEDA.

According to Mr. Jiming, Director of the Engineering Department of the Asian-Pacific Region of Motorola Automotive, the new factory in Tianjin will be one of Motorola¡¯s global manufacturing bases and one of Motorola¡¯s most important factories besides the factory in South America. Moreover, the marketing strategy of Motorola automotive in China is to construct a well-established automotive electronic manufacturing base in China, and China is among the strategic markets of the world that have the greatest potential for development.

Hyundai Group is a world-famous multinational company. It set up its factory with investment in TEDA in 1994. The electronics industry and the automotive industry are the leading industries of TEDA, and Hyundai Electronics is a combination of the two industries. With an area of 46,729 square meters and a building floorage of 14,300 square meters, the newly-built factory of Hyundai Hi-Tech Electronics (Tianijn) Co., Ltd. mainly supports enterprises such as Beijing Hyundai with its car audio, BWS, and other electronic products.