|
|
 |
|
Viewing report
|
|
|
|
Beijing Tianzhu Airport Economic Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Tianzhu Airport Economic Development Zone (Beijing Tianzhu Airport EDZ) rated “BBB” by China Knowledge in a research report on China’s industrial real estate published today. Established in 2006 by the Beijing municipal government, Beijing Tianzhu Airport EDZ is located in Tianzhu Town of Shunyi District to the west of Beijing Capital International Airport, 2 km from the terminal building adjacent to Beijing Tianzhu Export Processing Zone (Beijing Tianzhu EPZ). It is a municipal-level park.
The EDZ consists of two zones, Zone A and Zone B. Zone A is located in the southern part of Beijing Tianzhu EPZ and Zone B is to the west of Zone A.
Beijing Tianzhu EPZ is situated in Beijing Airport City, which has a population of 200,000. It is 25 km from the city center of Beijing, 120 km from Tianjin and 170 km from Tianjin Port.
The EDZ is close to the airport. Cargo can be delivered to the airport within ten minutes. The EDZ’s pillar industries are electronics and information technology, biopharmaceuticals, warehousing and logistics.
To date, about 500 companies have established businesses in the EDZ, with a total investment of more than RMB 50 billion. Sixty-four are multinationals, and 23 are Fortune 500 enterprises. They include P&G, Airbus, Ericsson, Sony, Philips and Fisher. Airbus has three projects in the EDZ, with total investments of US$95 million.
Its major businesses in the EDZ include aviation support and training as well as R&D. Its R&D center was jointly set up with China National Aviation Corp (Group 2) in 2006, with an investment of US$15 million. Beijing LG-Philips Electronics was founded in 1995 with an investment of US$18.1 million. Its major products are deflection coils for televisions and monitors. Its annual output exceeds 5 million coils. Beijing Hanmi Pharmaceuticals is China’s first investment from South Korea in the pharmaceutical industry.
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.
|
|
|
|
