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Viewing report
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Huizhou Dayawan Economic and Technological Development Zone (including Huizhou Export Processing Zone)
China Knowledge Press, June 2011, Pages: 25
Huizhou Dayawan Economic and Technological Development Zone (Huizhou Dayawan ETDZ) rated “BBB” by China Knowledge in a research report published today. The industrial park was approved by the State Council to be a state-level development zone in 1993. In 2006, the zone was granted permission to expand its designated area from 9.98 sq km to 23.6 sq km. Huizhou Export Processing Zone (Huizhou EPZ) is situated within Huizhou Dayawan ETDZ, and is still under construction.
Huizhou Dayawan ETDZ is located in Dayawan District in the southern part of Huizhou in the Pearl River Delta. The zone is bordered by Shenzhen to the west and is less than 90 km from Hong Kong. Huizhou Port, also situated in Dayawan District, is home to sixty berths, 16 of which have a cargo-handling capacity of over 10,000 tons. In 2009, Huizhou Port, one of 15 major coastal ports in China, handled 1.5 million tons of cargo.
Transportation is convenient in Huizhou; Huizhou-Aotou Road, which runs through Huizhou Dayawan ETDZ, is connected with the Shenzhen-Shantou Highway, the Guangzhou-Shantou Highway and the Huizhou-Yancheng Highway. A branch of the Beijing-Kowloon Railway passes through the zone. The zone can be reached easily by air. It is 70 km from Shenzhen Bao’an International Airport, 150 km from Guangzhou Baiyun International Airport and 120 km from Hong Kong Chek Lap Kok International Airport.
In 2010, GDP of Huizhou Dayawan ETDZ grew 62% year on year and reached RMB 33 billion, accounting for 19% of Huizhou’s GDP. Major industries in the zone include petrochemicals, electronics, information technology, steel, energy, papermaking and logistics. Last year, the value-added industrial output of the zone amounted to RMB 32.4 billion.
The Dayawan Petrochemicals Industrial Park is located within Huizhou Dayawan ETDZ. By the end of 2009, more than 40 projects with a total investments exceeding RMB 81 billion had commenced operation in the zone. In 2006, CNOOC and Shell Petrochemicals Co Ltd, a joint venture between CNOOC and Shell, invested US$4.2 billion to build the Nanhai Petrochemical Project in the petrochemical industrial park. The project has an annual production capacity of 0.8 million tons of ethylene and 2.3 million tons of high-end
chemical products.
In 2009, the export value rose 2.83% to US$1.35 billion, accounting for 7.9% of Huizhou’s total. In 2009, the utilized FDI in the zone soared 12.34% and reached US$622 million, accounting for 44.4% of Huizhou’s total. By the end of 2009, a total of 12 Fortune 500 enterprises, including Shell and Honda, had commenced business in the zone. The zone has also attracted many domestic investors, including Dongfeng, Guangdong Ever Bright Group, Huade Group, and many other firms. Guangdong Ever Bright Group, a Huizhou-based firm specializing in electronics manufacturing services, has launched four electronic component plants in the zone.
The latest figures show that in the first half of 2010, the export value rose 21.06% to US$829.58 million. By Sep 2010, the utilized FDI rose 1.37% to US$223.51 million.
Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
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