It is reported that Tianjin TEDA Union Regenerative Medicine Co., Ltd. is a comprehensive scientific and technological industrial platform. It is R&D based, industrialized development oriented, focusing on the research on stem cell regenerative medicine. Its target is to set up a technological platform up to the management standards of stem cell medicine production and GMP production, complete the pre-clinical examination and approval of stem cell products for heart disease and diabetes treatments, and realize the stem cell product industrialization for treatment of various diseases within three years¡¯ time.

The letter of intent for investment in the project of Al-Mg alloy auto parts was signed in TEDA a few days ago. This project is co-invested by Blissful Union Co. of BVI and Laukoetter Dessau GmbH of Germany. According to the investment plan, the two companies will co-establish an auto part factory in the West Zone of TEDA. In phase I this factory will focus on the manufacturing of Al-Mg alloy parts for auto engines with an investment of six million dollars and land used of 7,000 square meters. It will enlarge its operations to include R&D and manufacturing of auto accessory molds with a total investment up to 10 million dollars and the area of land used up to 13,000 square meters in phase II. According to the sales expectation, the sales will be up to RMB500 million to one billion within three years after the factory is established. It mainly supports Volkswagen of Germany and Volkswagen factories in China.

It is learned that Hong Kong Dongwang Scientific & Technological Development Co., Ltd., Tianjin Anlian Precision Technology Co., Ltd. and Tianjin Jintai Precision Electronics Co., Ltd. all specialize in production, sale and trade of electronic products. With their relatively strong production capacities, they are designated accessory suppliers of Motorola, Samsung, and Schneider. In the new company, they will jointly invest eight million dollars to purchase 20,000-square-meter land and build 15,000-square-meter factory buildings in West Zone. The main products of the new company will involve cell phone components such as various die-cut products which are insulating, absorb shock, resist radio frequency, radiation, and static breakdown as well as in-car products with Bluetooth wireless communication technology such as earphones, intercoms, GPS electronic maps and those with audio devices, video intercoms, data transmission terminals, etc.

Bando Belt (Tianjin) Co., Ltd. is a Japanese solely-owned enterprise established in TEDA in 1998. It specializes in the production of automotive power transmission belt and its major clients are Toyota, Honda, Mitsubishi, Sundiro Honda/Wuyang, etc. With the arrival of Toyota in TEDA, Bando Belt has become a supplier for Corolla and Crown. To meet Toyota¡¯s demand, this company has had a capital increase of 14.5 million dollars and bought land of approximately 25,000 square meters for industrial use for factory building expansion and product variety and output volume enhancement. The new plant of Bando Belt has great significance in the construction of TEDA¡¯s automotive industrial chain and improvement of TEDA¡¯s automotive industrial supporting system.

TEDA¡¯s one more software company, Visto (Tianjin) Co., Ltd., which is an American solely owned company, started its business a few days ago. As is known, the IT industry is the largest one of TEDA¡¯s four major industries, and TEDA now has more than 100 software and IC design enterprises of different kinds. Focusing on the R&D and technical improvement of the software industry, TEDA will further enhance the investment in the software industry in the years to come. According to the planning, TEDA will introduce and incubate 3 to 5 major software enterprises with a large scale, a good reputation, and a yearly revenue of over RMB100 million, and 20 to 30 software enterprises with a yearly revenue of over RMB10 million by 2010. By then, TEDA will have more than 100 software enterprises in all with a revenue of the software industry of more than RMB2 billion.

As is known, Honeywell¡¯s core high-tech products will be manufactured in this plant. Its industrial automation management and control systems include the Total Plant System (TPS),¡¡Paper Mill Quality Control System (QCS), and Automation Plant Failure Control System (FCS). This suite of products is highly recognized for its technological leading edge and has impressive market share in the world market. This plant is the first highly sophisticated manufacturing base for industrial automation control systems established in China and its anticipated annual output value will be over 30 million dollars.

New energy and energy conservation industries are growing up in the West Zone with the arrival of these projects. Therefore the West Zone aspires to build itself into a model of circular economy with low consumption, low discharge, and high efficiency. According to statistics, the West Zone had 32 overseas-funded enterprises by the end of August this year with a contracted investment of over one billion dollars and an average density of investment of over 500 dollars per square meter.