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Viewing report
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Fuzhou Yuanhong Investment Zone
China Knowledge Press, June 2011, Pages: 25
Fuzhou Yuanhong Investment Zone (Fuzhou Yuanhong IZ) rated “A” by China Knowledge in a research report published today. The industrial park set up by Fuqing, a county-level city under the administration of Fuzhou. It is located at Fuqing Bay, 12 km east of downtown Fuqing and 40 km southeast of downtown Fuzhou.
Fuzhou Yuanhong IZ is divided into two parks. The eastern park is a food industrial park with an area of 9 sq km. The western park, which has an area of 6 sq km, is a park for light industry.
The zone is fairly accessible by air, land and sea. It is 29 km from Fuzhou Airport, and the nearest highway connecting it with Fuzhou and Xiamen is a mere 19 km away. Yuanhong Port, which has an annual throughput of over one million tons, is located within the zone itself.
There are over 70 companies in Fuzhou Yuanhong IZ. Total investment in the park had reached US$500 million by October 2008. Food processing and light industries are the key industry in Fuzhou Yuanhong IZ. Four industrial bases have been established: a grain, oil and food processing base, an auto parts base, a new energy base and a plating base. The eastern zone, which is dominated by the food processing industry, was established by the National Food Association as a national model park for food processing. The food-processing industry generated an annual industrial output of more than RMB 2.0 billion in 2007. The impressive output was generated by a total of ten major enterprises.
Major domestic investors in this zone include Yuanhong Flour, Yinfu Oil and Hongguan Flour. The western zone is occupied mainly by light industrial enterprises that make glass, auto parts, textiles, garments and paper. Yuansheng Light Industry, Xinfuxing Glass, Yimen Textile, Ruixin Garment and Yuanxiang Paper are some of the major companies that have invested in the zone.
In 2009, the gross industrial output reached US$ 6.49 billion.
Industrial parks rated A have above-average investor appeal. Basic conditions are adequate, but improvements are still needed in some areas. There are 50 single A rated industrial parks among 254 rated by China Knowledge since 2003.
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