Otis Elevator Company, the world¡¯s largest elevator and escalator manufacturer and service provider, set up in TEDA its first customer service center in Tianjin a few days ago. It is also its third service center in China after the ones that it set up in Beijing and Shanghai. As is known, Otis¡¯s current sales volume in TEDA is 30 more than that of last year. It is an obvious intention of the company to find access to the New Coastal District and seize the market opportunities to promote its brand awareness by way of setting up a service center. According to a leader of TEDA, other companies will certainly respond to this move of Otis, as the competition in this industry going more fierce.

It is learned that TEDA Crandall-Ford Trade Co., Ltd. was authorized by Ford Motor Company of US to sell imported Ford motors in 1993 and was authorized by Changan Ford Automobile Corporation Ltd. to become one of the first Changan Ford franchisers in 2002. Crandall-Ford set up the first 4S store of 6,400 square meters in Weiguo Road of Dongli District, Tianjin in May 2003 and keeps expanding ever since. The company has specialized in the sale of Ford motors over ten years. With its outstanding performance, the company enjoys a good reputation in Tianjin, North China and even the entire country. At present the company possesses many exhibition halls and maintenance facilities, and can provide professional services to users of Ford motors.

Besides, construction of the factory of Teikuro (Tianjin) Surface Technology Co., Ltd. funded by Teikuro Corporation of Japan was completed a few days ago. Toyota began the adoption of the Teikuro¡¯s automotive stamping process solution since as early as 1970s, and ever since then have Toyota¡¯s 12 manufacturing facilities in eight countries enjoyed Teikuro¡¯s powerful support. It is reported that the newly constructed factory of Teikuro in Tianjin will support Tianjin FAW Toyota and Beijing Hyundai. Toyota has applied Teikuro¡¯s surface treatment technologies to its production of Vios, Corolla, and Crown since 2002.

The foundation stone laying ceremony of Tianjin CITIC Logistics Technology Park was held in TEDA a few days ago. As is known, with an area of 50,000 square meters, this park will have in it 36,000 square meters of logistic warehouses, standard factory buildings, and office buildings for modern logistics enterprises to rent. When the construction is completed, this park will be able to fulfill the demands of domestic third party and fourth party modern logistics enterprises for their management and development, and provide a platform for their great development and fulfillment of the most advanced logistic management.

Samsungtechwin Co., Ltd. of South Korea recently held a foundation stone laying ceremony in Microelectronic Industrial Park of TEDA. It is learned that the new digital camera facility of Samsung will be put to use in Oct 2006, with an area of 47,000 square meters and a total investment of 240 million yuan. Its main products include digital cameras and related accessories. To introduce new super-rapid logistics as its main feature, the facility will specify such concepts as logistics, production mode, production system, etc at the beginning of its production, and only take one day from inputting accessories to producing finished products.

The completion ceremony of POSCO (Tianjin)¡¯s second factory was held in TEDA a few days ago. POSCO is a world-famous multinational company and one of the best enterprises in the iron and steel industry. POSCO (Tianjin) became the first enterprise POSCO Group established in China as early as 10 years ago. As is known, with a registered capital of five million dollars and an area of 125,000 square meters, POSCO (Tianjin)¡¯s second factory will focus on the processing of such products as cold rolled stainless steel, electrical steel, and color steel with an annual output of 65,000 tons.