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Viewing report
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Beijing Linhe Industrial Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Linhe Industrial Development Zone rated “BBB” by China Knowledge in a research report on China’s industrial real estate published today. The designated zone was established by the Beijing municipal government in 2000 and covers an area of 4.2 sq km. It is a municipal level park. The IDZ is located in Shunyi District, only 6 km to the east of the airport. It is 30 km northeast of the city center and 160 km from Tianjin Port. The Beijing-Chengde Railway and Beijing Sixth Ring Road pass by the IDZ.
The IDZ’s pillar industries include automobiles and auto parts, microelectronics, optical, mechanical-electronic integration, and biopharmaceuticals.
By the end of 2010, more than 80 companies had invested in the zone. The zone generated total revenue of RMB 38.9 billion in 2008.
In 2000, the IDZ received approval from the Beijing municipal government to build a microelectronic industrial base in North China, the only one of its kind in Beijing. Grinm Semiconductor Materials is the largest company in the microelectronics field. Founded in 1999, it was among the nation’s first listed high-tech companies, and is home to China’s first facility for manufacturing domestic-developed 8-inch mono-crystalline silicon wafers. Its annual revenue totals RMB 2.0 billion.
In the optical-mechanical-electronic integration industry, Beijing No. 1 Machine Tool Plant is the largest investor. Its factory in the IDZ, with an investment of RMB 1.0 billion, was set up in 2002. It is Beijing’s largest R&D and production base for computer numerical control (CNC) machine tools, and its annual revenue was RMB 1.1 billion.
In 2002, the Beijing municipal government made the zone the city’s manufacturing base for automobiles and auto parts. Beijing Hyundai, the first joint venture in China’s auto industry after China entered the WTO, is the largest company in this field. It was set up in 2002, with an investment of US$886.8 million. Its main businesses are the R&D and production of cars and trucks as well as engines and parts.
In the first 11 months of 2009, its sales of cars were 510,000 units, up 94% year on year.
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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