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Viewing report
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Beijing Fangshan Industrial Park
China Knowledge Press, June 2011, Pages: 25
Beijing Fangshan Industrial Park (Beijing Fangshan IP) rated “C” by China Knowledge in a research report on China’s industrial real estate published today. The park was established by the Beijing municipal government in 2006 and covers an area of 2.4 sq km. Its predecessor was Fangshan Technological Industrial Park. Beijing Fangshan IP is a municipal-level park.
The park is located in Fangshan District. It is 35 km southwest of the city center, 60 km from Beijing Capital Airport and 190 km from Tianjin Port. The Beijing-Shijiazhuang Expressway and Beijing-Guangzhou Railway pass by the park. Fangshan District is Beijing’s “Hometown of Building Materials.” It has rich reserves of marble, limestone, quartz stone, dolomite and granite. Its proven reserves of China White Marble rank first in the nation, and its marble is of the highest quality. China White Marble was widely used in ancient times for the building of the Forbidden City and Temple of Heaven’s handrails. Fangshan No. 1 Marble Factory is a major company in this field.
The pillar industries of the park are petrochemicals, building materials and machinery. By the end of 2008, 402 companies had established businesses in the park, with a total investment of RMB 2.8 billion. They generated revenue of RMB 612 million.
The petrochemical industry is the park’s most important industry. Beijing Petrochemical and New Material Industrial Base, which is yet to be completed, is Beijing’s fifth-largest industrial base. The park is home to Yanshan Petrochemical Corp, which is the largest subsidiary of Sinopec in Beijing. Its annual refining capability is 10 million tons, and its output of ethylene totals 800,000 tons per year. Led by this company, a comprehensive petrochemical industrial chain has been formed. The total revenue of this industrial chain is expected to reach RMB 100 billion in 2010.
Beijing Capital Tire (BCT) is one of the largest downstream enterprises in the petrochemical industrial chain. Built in 1999, BCT focuses on the business of developing and manufacturing radial tires and bias-ply tires for passenger cars and light trucks. Its factory in the park, which cost RMB 946 million, has an annual output of 5 million tires.
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 requirement for financing to develop its infrastructure, facilities; and even A&P to attract more companies to set up manufacturing plants.
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