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Viewing report
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Beijing Shilong Industrial Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Shilong Industrial Development Zone (Beijing Shilong IDZ) rated “BBB” by China Knowledge in a research report on China’s industrial real estate published today. The IDZ was established by the State Council in 2000, and covers an area of 1.5 sq km, as a municipal-level park.
The IDZ is located in Mentougou District. It is 24 km west of the city center, 10 km from the Beijing Shijiazhuang Expressway, 15 km from the Pingguoyuan Subway Station, 50 km from Beijing Capital Airport and 180 km from Tianjin Port. Mentougou District also has three railway cargo stations, which are all located within 4 km of the IDZ.
Mentougou District, where the IDZ is located, has an abundance of mineral resources. It is one of Beijing’s major coal extraction bases. Additionally, there are also rich limestone, granite and basalt deposits. The pillar industries of the IDZ are electronics, biopharmaceuticals, food processing, textiles and garments, fine chemicals and new materials. Over 100 enterprises have invested in the IDZ, with a total investment of nearly RMB 5.0 billion. In 2008, their total revenue was RMB 29.4 billion.
Major foreign investors come from the U.S., Japan and Singapore. Dupont is the largest foreign investor. Its business focuses on the textile industry. Since Dupont entered China in the 1980s, its investment in the country has exceeded US$700 million. Aside from Dupont, other major domestic investors are Jingdiao Technology, Wanhui Shuanghe Pharmaceuticals and Lingrui Pharmaceuticals.
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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