Nantong Export Processing Zone
- ID: 1946172
- June 2011
- Region: China
- 25 pages
- China Knowledge Press
Nantong Export Processing Zone (Nantong EPZ) rated “B” by China Knowledge. Approved by the State Council in 2002, Nantong EPZ is located in state-level Nantong Economic and Technological Development Area (Nantong ETDA) in Nantong, Jiangsu, 12 km from downtown. Industrial parks rated B are viewed as poorly established. Much effort is necessary for the creation of an attractive investment environment in these parks. There are 45 ‘B’ rated industrial parks among the 254 national or municipal-level ones located across the country.
Nantong EPZ encourages investment in electronics and information, biomedicine, precision machinery, textiles and garments and various high-tech industries. It also encourages investment in warehousing and transportation. In the period from 2002 to 2008, the cumulative foreign trade value of the zone was US$1.6 billion.
The industrial park consists of two special parks: the Electronic Industry Park and the Textile Industry Park. The Electronic Park covers an area of 23,600 sq m. Nantong Xinfuda, a major supplier of laser heads to Toshiba, Panasonic, Mitsubishi, Philips and Samsung, has already established a presence there.
In 2008, Johnson Control, a U.S.-based maker of automotive interiors, inaugurated its 13th production base in Nantong EPZ. The base produces auto interiors for Ford, GM, Nissan and Chrysler. It aims to realize an export value of US$100 million by the end of 2010.