|Vol. 45, Monthly Issue, Oct., 2005
|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. |
||Administrative Commission of Tianjin Economic Technological Development Area (TEDA)|
||Deloitte Touche Tohmatsu CPA Ltd, Tianjin Branch|
|Uniton Helps TEDA's Circular Economy|
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.
Uniton mainly uses waste terylene and waste polyester bottles as raw materials to produce DOTP. Such a unique model makes this environment-friendly company another task force for TEDA’s circular economy. Once becoming fully operational, it will reduce the waster-terylene-caused pollution in the Tianjin New Coastal District and beyond, save more energy and resources, and effectively minimize solid waste.
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|Opening Ceremony of Bornemann Pumps & System (Tianjin) CO., LTD. Held in TEDA|
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.
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|TEDA's First IT Store Starting Business|
TEDA Store of New Yatch Electronics Co., Ltd., the first IT Store of TEDA, started business a few days ago. According to Mr. Wang Jianming, General Manager of New Yatch Electronics Co., Ltd., the company established TEDA store with an investment of about RMB5 million. This store has a business area of about 700 square meters. Compared to Tanggu Store, TEDA Store included in its sales items large office equipment such as photocopier and luxury individual consumer goods such as flat-panel television and home theater besides digital camera, mobile telephone, laptop computer, MP3 player, and digital video camera. Its target sales value for phase I is RMB30 million and the target sales volume for mobile telephone is 12,000. Also according to Mr. Wang, TEDA Store has only one floor of selling area of Internet-related products at present. In addition, Kodak Digital Image Printing joins TEDA Store and commenced its business simultaneously. Like Tanggu Store, TEDA Store also has plan to establish a New Yatch Book Store for books on foreign languages and computer.
Established in 1992 as New Yatch Electronic and Mechanical Engineering Co., Ltd., New Yatch Electronics Co., Ltd. of TEDA was registered with a capital increase of RMB5 million in 1999. New Yatch established its first store on Jiefang Lu Pedestrian Street of Tanggu District on June 18, 2001. With one more capital increase of RMB12 million in 2004 and a current business area of over 2,500 square meters, New Yatch is a comprehensive international company that engages in the operation, construction, and development of computer and Internet related industries. Now it has become a large information and communications service and equipment supplier in the New Coastal District. Its current business scope covers IT services and sales of computer, communications, digital, network engineering, audio-video education, monitor, audio-video, VOD system, and computer consumable products. Besides, this company has a bookstore specializing in foreign languages and computer in the New Coastal District, namely New Yatch Bookstore, and a school specializing in computer and English training, namely NewYatchSchool with an average number of trainees of 8,000 every year. New Yatch had a business income of about RMB60 million in 2004.
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|Opening Ceremony of HSBC TEDA Branch|
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.
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|TEDA Micro-electronics Industrial Park Welcomes Nufern|
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.
As a professional producer of fiber laser as well as related derivatives and supporting products, Nufern is not only equipped with the whole-set expertise of fiber laser and application-specific optical fiber products but also with all related IPRs. It is one of the few hi-tech giants in the world who are capable of offering both fiber lasers and core components. Its investment will soon fill China’s technological gap of this field and become a market leader both domestically and internationally with its technological expertise and price edges. This project is supposed to generate an output value of 130 million yuan by 2006.
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|North China's Largest Electronic Waste Processing Center Constructed in TEDA Chemical Industrial Park|
The foundation stone laying ceremony of Taiding (Tianjin) Environment Technology Co., Ltd., a large electronic waste recycling and processing center, was held in TEDAChemicalIndustrial Park a few days ago.
With an area of 19,000 square meters, this center is established by Taiding (Tianjin) Environment Technology Co., Ltd. with an investment of RMB100 million. According to a person in charge of the company, general electronic waste can be made completely harmless and over 90% can be reused after being treated. It is expected that the construction will be completed before the end of this year, and that the center will be put to trial operations next March and official operations, next June. It will be the largest electronic waste processing and recycling base in North China with an annual comprehensive utilization capacity of 30,000 tons. From now on, all electronic waste from Tianjin and the North China will gradually be gathered at this center for harmless treatment and recycling of waste. Data shows that a minimum of over 30,000 tons of electronic waste is produced in Tianjin every year with industrial electronic waste and household electronic waste respectively taking up 50% of the total.
With the rapid growth of the electronic and information industry and upgrading of electronic and information products, large quantities of such products including computers, televisions, and refrigerators in China are now subject to scrapping, yet there is no such well-established recycling system available in China as in those developed countries such as European countries, US, and Japan.
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|2005 Tianjin International Automobile Show Opens in TEDA|
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.
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|Another Grand Roundtable Meeting Held in TEDA|
A roundtable meeting entitled “New strategies for Tianjin—New 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.
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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
|Deloitte Touche Tohmatsu CPA Ltd.
|Tel:(86 22)2320 6688
||Fax:(86 22)2320 6699|
|Add: 30/F The Exchange North Tower 189 Nanjing Road Heping DistrictTianjin 300051,PRC|