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Zhenjiang Export Processing Zone
China Knowledge Press, June 2011, Pages: 25
Zhenjiang Export Processing Zone (Zhenjiang EPZ) rated “C” by China Knowledge. The industrial park secured approval from the State Council in 2003 to be a state-level development zone. It has an area of 2.53 sq km. Industrial parks rated C are viewed as least attractive. These industrial parks are not recommended for investment. There are 14 municipal level ‘C’ rating industrial parks among 254 ones rated by China Knowledge since 2003. There is potential for greater financing to develop its infrastructure, facilities; and even A&P to attract more companies to set up manufacturing plants.
Located inside the provincial-level Zhenjiang Economic Development Zone in the eastern part of Zhenjiang, Zhenjiang EPZ is only 28 km from downtown, 3 km from Zhenjiang Port and 15 km from the Shanghai-Nanjing Expressway. Its home city is 90 km from Nanjing Lukou Airport and 60 km from Changzhou Airport. The Beijing-Shanghai Railway, the Shanghai-Nanjing Expressway, State Highway 312 and State Highway 104 go through the city. The Beijing-Shanghai Express Railway cut the drive from Zhenjiang to Shanghai to 1 hour.
Information technology, optical electronics, telecom components, optical-mechanical electronic integration and auto parts enterprises are highly encouraged in Zhenjiang EPZ. The Customs Office provides 24-hour customs clearance services to companies. This is especially convenient for export-oriented firms.
By the end of June 2009, 21 enterprises had been set up in Zhenjiang EPZ. The utilized FDI had reached US$55.3 million. Major investors include Century Electronics Asia, Peacewin Electronics, Advance Electro-optical Technology, Leader Electronics, Avision, A123 System, AOET and Wintech. In 2007, seven projects with a combined industrial output of RMB 94.8 million and sales revenue of RMB 90.8 million commenced operation.
Last year Parity Solar Group with co-investment from Beijing-based state-owned construction conglomerate invested USD 36 million for Phase One development. Parity Solar is pioneer in the development of efficient, clean and low-cost solar technologies, and also manufactures and supplies the very latest in high quality photovoltaic products and services to the solar energy market worldwide.
Others in the solar energy sector investment there includes Zhejiang Solar Best Energy Technology Co Ltd, Excellence Electro-optical Technology Co Ltd, Asian Film Solar Technology (Zhenjiang) Co Ltd and Zhenjiang Gaobo Energy Technology Co Ltd.
Zhejiang Solar Best Energy Technology Co Ltd, Excellence Electro-optical Technology Co Ltd, Asian Film Solar Technology (Zhenjiang) Co Ltd and Zhenjiang Gaobo Energy Technology Co Ltd