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47 Foreign Invested Projects in Kunshan ETDZ Increased Capital in First Quarter

2008-05-05

According to Kunshan Investment Promotion Bureau , 47 foreign-invested projects increased their capital in first quarter , increasing the registered capital by 449 million dollars accounting for 77.28% of the newly increased registered foreign capital .  Meanwhile, 31 new foreign-invested projects were approved total registered capital of which amounted to 132 million dollars .The total accounted foreign capital stood at 274 million dollars. 

Foreign enterprises represent an essential part of the economy of Kunshan ETDZ, 89 foreign-invested enterprises gathered in the export processing zone of only 2.86 square kilometers.  6 out of the 10 lap top product lines of Taiwan were here .  Total export-import volume has been leading the 36 national export processing zones and accounting for two thirds of the gross volume of Kunshan .  At the same time, relied on the major industries of the zone including photoelectricity, IT, automobile parts and adhering to the principal industrial chain investment promotion , the ETDZ has made achievement in promoting industrial centralization and decreasing operating cost .   Last year , Longteng Photoelectricity Co., Ltd made a record of producing 40 thousand 19 inches computer liquid crystal panels per month ,becoming the 10th largest producer of the industry across the globe , meanwhile it produced 30 million lap tops ,accounting for 30% of the global  total output .  

Among the newly approved 31 projects, 4 were in photoelectricity industry including the leading Korean LED back light source and illuminating device manufacturers -- Liuming Photoelectricity and Yuanteng Electronics.  11 were in service industry ,mainly focusing on logistics and trade .  Outstanding in the 47 capital increasing projects was Kunshan Longteng Photoelectricity, the third TET -- LCD product line in China, which increased its capital by 175 million dollars for the equipment upgrading of newly developed product line machines. While the glass fiber company , copper foil company and epoxy company affiliated to Taiwan South Asia Electronics  increased their capital by 30 million dollars respectively starting the construction of new plants .  Shenda Coputer, the sale of whose own brand PDA ranked the second on European market last year , started the construction of its R&D building . 

By the end of last year, the accumulative number of foreign-invested projects in Kunshan has amounted to 1478 , with a total investment of 19.5 billion dollars and a registered capital of 12.2 billion .  The accounted foreign capital reached 6.7 billion dollars.  
 

 


 
    
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