Uniton (Tianjin) Chemical Co., Ltd., a production-based company adopting waste terylene as raw materials, settled down in the TEDA Chemical Industrial Park. With a registered capital of 10 million US dollars, a total investment of 20 million US dollars and a designed annual capacity of 100,000 tons, the company has always been regarded as a heavyweight player of its industry globally.

 

The opening ceremony of Bornemann Pumps & System (Tianjin) Co., Ltd. was held in TEDA a few days ago.

 

As is known, founded in 1853, Joh. Heinr. Bornemann GmbH of Germany is the world¡¯s largest twin screw pump manufacturer whose products include nono, twin, and triple screw pumps. Bornemann also provides its customers with design, production, and installation of various supporting systems and accessories. In August, 2004, Bornemann established in TEDA its first factory in China, Bornemann Pumps & System (Tianjin) Co., Ltd., which is Bornemann¡¯s first wholly-owned production-oriented subsidiary established outside of Germany. It mainly focuses on supplying products for its parent company now, and is expected to produce complete sets of pumps and pump systems early next year to meet the market need of China and Asia.

The opening ceremony of HSBC TEDA Branch was held a few days ago in the Coastal Financial Street of TEDA. HSBC is the first overseas-funded bank setting up a branch in the New Coastal District. As is known, the HSBC Group of Hong Kong is one of the world¡¯s largest banking and financial services organizations. It has over 9,700 offices in 77 countries and regions. The total assets of the Group were 1,467 billion dollars by June 30, 2005. HSBC TEDA Branch will focus its business expansion upon ICBC business and provide all-around services in terms of corporate banking, commercial banking, and funds management.

Jointly funded by US application-specific optical fiber company Nufern, Tianjin Guangwei Technological Co., Ltd., and three Chinese-Australian scientists, a commercial-use fiber laser project officially settled down in the TEDAMicro-electronicsIndustrial Park. Recently they signed an 18,720-square-meter land transfer contract with the General Corporation of TEDAMicro-electronicsIndustrial Park. The project will be share-held by the Chinese party with the foreign party providing professional equipments and technologies. The investment totaled 33 million US dollars.

 

The 2005 Tianjin International Automobile Show grandly opened at Renaissance Tianjin TEDA Hotel on September 27th, 2005.

During the Show, officials from competent state automobile authority delivered inspiring speeches, covering major issues of China¡¯s auto industry during the 11th five-year plan and the master plan & objectives of China¡¯s auto technology renovation program. Senior executives of several domestic auto giants also shared the development status of their own companies with the audience.

 

The tenet of this Show is to endow China¡¯s auto industry with a world insight and a future-oriented way of thinking so that the insiders can realize the significance of sustainable growth and be better prepared for the set objectives. Focusing on the guideline of sustainable development and closely following the constantly updated trends of auto industry, organizers of the Show arranged different topics for each year. To ensure the success of each session, they have fully mobilized all reachable resources home and aboard, and provided audience with latest know-how, authoritative speakers and positive achievements. This Show provided an excellent arena for hotspot issue discussion, information & expertise exchange, and in-depth exploration of the structure, technologies, market and policies of domestic auto industry. It will continue to serve as a signpost for the country¡¯s auto producers and help them to move toward their fixed goals in a coordinated path.

A roundtable meeting entitled ¡°New strategies for Tianjin¡ªNew Opportunities for Transnational Companies¡± was held at Renaissance Tianjin TEDA Hotel in the morning of September 23rd. Hosted by Tianjin Municipal Government and presided by Vice Mayor Zhi Shenghua, the meeting received presidents and chief representatives of 37 multinationals from 11 countries such as France, Germany and Italy. Mayor Dai Xianglong briefed the latest economic and social development status as well as related information of the planning & construction of Tianjin New Coastal District. He also elaborated the promising future and huge potential of the cooperation between Tianjin and global giants. After listening to the suggestions and advice on Tianjin¡¯s investment climate raised by top multinational executives as well as their respective Tianjin strategies, Mayor Dai answered their most concerned questions like local investment policies and local government measures on investment climate improvement. Many presidents and chief representatives delivered speeches during the meeting. They expressed the strong willingness to build on cooperation with Tianjin and to design new investment roadmaps. TEDA, the venue of this meeting, also receive many pertinent ideas about its own construction and management from these multinational guests.