Huaxia Bank¡¯s first branch in Tianjin, New Coastal District Sub-branch of Huaxia Bank in the third avenue of TEDA, officially started business a few days ago. It is reported that the sub-branch handled corporate deposit of 250 million yuan and personal deposit of 842,000 yuan on the day of business commencement.

 

The New Coastal District now included in the national development strategy, Huaxia Bank became fully aware of the business opportunity greater than ever, and decided to take the New Coastal District as the most important location for the overall arrangement for its development strategy in Tianjin and set up in TEDA its first sub-branch in Tianjin. According to report, Huaxia Bank¡¯s sub-branch in the New Coastal District has a business area of 1,200 square meters and tremendous input in such respects as scale, hardware facilities, and services, all indicating Huaxia Bank¡¯s determination for a great development in the New Coastal District.

 

Established in October of 1992 and headquartered in Beijing, Huaxia Bank is China¡¯s fifth listed nationwide joint-stock commercial bank.

 

SGS-CSTC held a grand operation ceremony in TEDA Renaissance Hotel for its Tianjin Minerals Lab a few days ago.

 

As is known, with an area of 1,500 square meters and a professional and technical staff of over 60 including senior engineers, this new lab is equipped with more than 60 sets of precision instrument and special instrument. As SGS-CSTC¡¯s technical service center in North China, Tianjin Minerals Lab will provide better and more convenient testing and technical consulting services to enterprises in North China with SGS Group¡¯s years of industrial experience and network resources.

 

Freescale Semiconductor (China) Co., Ltd. got approval from the National Development and Reform Commission a few days ago for its capital increase and production expansion, a key industrial project of the Eleventh Five-Year Plan. With a total investment of 240 million dollars, this project is mainly to enhance the capacity of IC wafer testing, packaging, and finished product testing. When this project is finished, the enterprise will be capable of packaging 146 million more integrated circuits and testing 1.17 million more wafers each year, and the registered capital will increase from 260 million dollars to 284 million dollars, and the total investment, from 354 million dollars to 594 million dollars. Moreover, the enterprise will have 158 million more dollars for its sales revenue after the new project meets its expected capacity.

As an enterprise specializing in the production of cell phone keypads in the world, Sensetech Co., Ltd. of South Korea has officially set up its factory in the Microelectronic Industrial Park of TEDA.

 

As is known, with an investment of 12.5 million dollars, Sensetech Co., Ltd. now has three factories in South Korea. Among its major clients are such cell phone manufacturers as Motorola, Nokia, Samsung, LG, Pantech (of South Korea), VK (of South Korea), SonyEricsson, TCL, and Bird. Sensetech attaches great importance to product R&D activities. It possesses not only international patents in terms of the manufacturing technology of metal cell phone keypads but a number of patent technologies within South Korea as well. Today there has been an increasing market demand for ultra-thin cell phone keypads, Sensetech¡¯s leading product, with those key global cell phone manufacturers expanding their productions in China into ultra-thin cell phone manufacturing. Therefore, Sensetech decided to set up a manufacturing factory in TEDA. This project has a great market prospect with a high density of investment, technical content, and output.

In 2000, TEDA formulated its Tenth Five-Year Plan and such five development strategies as ¡°capital introduction, TEDA invigoration through science and education, urbanized construction, system innovation, and sustainable development¡±. In the past five years, TEDA newly approved 700 projects funded by foreign, Hong Kong, Macao, and Taiwan investors and handled 475 projects of capital increase to have accomplished accumulative contracted overseas investment of 10.3 billion dollars, which was 2.3 billion dollars more than the Tenth Five-Year Plan target, and actual utilized overseas investment of 6.7 billion dollars, which was 200 million dollars more than the Tenth Five-Year Plan target. The scale, quality, and level of projects all improved at the same time. A great number of industrial leading enterprises with high value added and density of investment such as Toyota and Samsung arrived at TEDA.

 

In 2005, TEDA took the lead in China with 7.67 billion yuan of an industrial output value in each square kilometer of land, and 181 kilograms of standard coal and 6.91 tons of water for energy consumption of each ten thousand of industrial value added. All those industrial enterprises with annual sales above 5 million yuan in TEDA created profit of 17 billion yuan with a sales profit rate of 7.4%. In the main composition of regional production, the surplus of enterprises held a proportion that was much higher than the national average. The electronic industry, in particular, had a profit rate of 8.4% and continued ranking the top in China.

 

In 2005, TEDA¡¯s four major industries, the electronic and communications industry, machinery manufacturing industry, chemical industry, and pharmaceutical industry, created a gross industrial output value of 213 billion yuan, 92.6% of TEDA¡¯s gross industrial output value and 2.1 percentage points more than that of 2000. The output value of the electronic and communications industry was close to 145 billion yuan and the output of cell phone, more than 63 million. Moreover, TEDA had a good start for new industries and took the lead in China with its circular economy.

The Residential and Service Center of the Chemical Industrial Park of TEDA was completed and put into use to meet the development needs of the Park and further improve the Park¡¯s investment environment.

 

The Center is a combination of residential facilities and living facilities for corporate managers and employees. It lies on the east side of Qixia Street, the main street of the Park, and enjoys convenient transportation. Opposite to the Center is a 30,000-square-meter greenized leisure square. The apartment building has a floorage of 20,000 square meters with the first floor for business service facilities such as restaurants, bathroom, banks, post office, supermarket, drug store, public reading-room, and gymnasium, and the second to the fourth floor for residence including white-collar apartments and blue-collar apartments for more than 1,000 people.

 

The entrances of the West Zone of TEDA into Beijing-Tianjin-Tanggu Expressway, Jinbin Expressway, and Tangshan-Tianjin Expressway were officially open to traffic on January 23. Thus the transportation system which links the West Zone to Tianjin city proper, Beijing, North China, and South China has been established to form an industrial logistic environment with the greatest advantages in the north of China.

 

Two years ago, TEDA people entered the West Zone for a second space expansion, and today, an investment environment for a modernized processing and manufacturing base is taking shape.

 

¡°The West Zone of TEDA can satisfy the needs of all kinds of enterprises for operations in it with its infrastructure represented by roads and bridges and its energy guarantee system. It has attracted a large number of projects with large scale, high density and short cycle of investment as well as great development potential. It is now speeding up on its way of development and making new contributions to the new development of the New Coastal District.¡± said a person in charge from TEDA Administrative Commission.

 

As is known, a well established transportation system was formed by the end of 2005 with the opening of the entrance which links the west extension of the Ninth Avenue of TEDA and Jinbin Expressway, the entrance into Tangshan-Tianjin Expressway, and the entrances which links the West Zone and Yangbei Highway and Jintang Highway. Within the West Zone, an internal transportation network consisting of such major trunk roads as Zhong Xinzhuang Street, Zhong Xinzhuang East Street, North Street, and South Street, and minor trunk roads has been improved.

 

Last year the West Zone newly constructed roads of 66.5 kilometers, 27 bridges with a total length of 11 kilometers and a temporary pump station, installed drainage pipeline of 140 kilometers, and had an area of afforestation of 1.34 million square meters. In terms of energy infrastructure construction, the West Zone is now capable of daily water supply of 50,600 tons, power supply of 100,000 kva, heat supply of 90.6 tons per hour, and gas supply of 528,000 cube meters. Besides, it is now equipped with corded telephones, cable televisions, and Internet, and covered with mobile communication network. The West Zone Investment Service Center was completed and put into use in May last year to have further improved its investment environment.

 

35 enterprises in all came to the West Zone last year with a total investment of more than one billion dollars. In those enterprises, 6 are now in operations and nearly 20 under construction.

Tianjin Zhonghuan Precision Model & Injection Molding Co., Ltd. further purchased from the General Corporation of the Microelectronic Industrial Park 24,380 square meters of land and 5,693 square meters of buildings above ground a few days ago to support such multinational companies as Samsung and Motorola.

 

As is known, Tianjin Zhonghuan Precision Model & Injection Molding Co., Ltd. has plan to have 15,000 square meters of factory building in addition to the existing land plot and factory building for three new joint venture enterprises to produce precision metal stamped parts, precision plastic injected parts, and precision tools respectively for Samsung and Motorola. The total investment for phase I of the three projects is 11.18 million dollars with the foreign side holding 80% of the shares and Zhonghuan Precision Model & Injection Molding Co., Ltd., 20%, for each project. They will be capable of an annual sales of 450 million yuan and pre-tax of 120 million yuan when meeting the expected output and they are expected to have an annual sales of over 800 million yuan and pre-tax of 260 million yuan in 2010.

 

According to another report, Sensetech Co., Ltd. of South Korea, an enterprise specializing in the production of cell phone keypads in the world, officially arrived at TEDA a few days ago with an investment of 12.5 million dollars to support in a nearest place such famous domestic and international cell phone manufacturers as Samsung, Motorola, Nokia, SonyEricssion, TCL, and Bird.

 

As is known, Sensetech Co., Ltd. already has three factories in South Korea, and among its major clients are such cell phone manufacturers as Motorola, Nokia, Samsung, LG, Pantech (of South Korea), VK (of South Korea), SonyEricsson, TCL, and Bird. Sensetech has always attached great importance to product R&D activities. It possesses international patents in terms of the manufacturing technology of metal cell phone keypads and a number of patent technologies within South Korea. This project has not only a high density of investment and technical content but a great market prospect and a high output as well. It is expected to have an output value of 30 million dollars in 2006, 80 million dollars in 2007, and 150 million dollars in 2008.