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Viewing report
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Beijing Liangxiang Economic Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Liangxiang Economic Development Zone rated “BB” by China Knowledge in a research report on China’s industrial real estate published today. The zone was established by the Beijing municipal government in 2000 and covers an area of 2.4 sq km. It is a municipal-level park. The EDZ is located in Liangxiang Town of 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 the Beijing-Guangzhou Railway pass by the EDZ.
Fangshan District, where the EDZ is located, has seen its economic growth average 17.9% in the past few years. It is home to Yanshan Petrochemical Corp, which is the largest subsidiary of Sinopec, the nation’s top petrochemical group, in Beijing. Its annual refining capacity is 10 million tons, and its output of ethylene is 800,000 tons per year.
The zone’s total developed area covers 1.1 sq km. The zone’s three pillar industries are mechanical and electronic integration, biopharmaceuticals and new building materials. There are about 60 companies in the EDZ. Their cumulative investment has exceeded RMB 2.8 billion. Last year, their total revenue was RMB 20.0 billion.
Major investors include Japan’s Sukeno in the textile industry, Japan’s Itochu, Beijing Sihuan Biopharmaceuticals, China Xinxing Group in the pharmaceutical industry, American firms PLP and Geokon in electronics, and China National Petroleum Corp and North China Power Group in the petrochemical and power generation sectors. Beijing Sukeno RiSheng Socks Corp is a Sino-Japanese joint venture. Its predecessor, Beijing RiSheng Knitting Corp, was established in 1995 with an investment of US$5 million. Focusing on the business of sock manufacturing, it has reached an annual output of 16 million units.
Industrial parks rated BB are considered attractive at a below-average level. Industrial parks with this rating are typically either in the development stage or are lacking certain important elements. There are 50 with BB rating among 254 national and municipal level industrial parks.
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