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Beijing Xinggu Economic Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Xinggu Economic Development Zone (Beijing Xinggu EDZ) rated “BB” by China Knowledge in a research report on China’s industrial real estate published today. The EDZ consists of the former Xinggu Industrial Development Zone (Xinggu IDZ) and Beijing Pinggu Binghe Industrial Development Zone (Beijing Pinggu Binghe IDZ). Beijing Pinggu Binghe IZ is the oldest district-level development zone in Beijing. Beijing Xinggu EDZ was approved as a municipal-level development zone by the Beijing municipal government in 2006 and covers an area of 9.8 sq km.
Beijing Xinggu EDZ is located in Pinggu District in the northeastern part of Beijing, about 70 km from the city center. Jing-Ping Expressway connects the zone with Beijing and Tianjin. Dalian-Qinhuangdao Railway goes through the zone; the zone is 18 km from Beijing Railway Cargo Distribution Center, 40 km from Beijing Capital International Airport and 130 km from Tianjin Port.
By the end of 2010, more than 230 firms had inaugurated in the zone. The zone generated total revenue of RMB 12.7 billion in 2008. Major investors include Xingyu, Nestle, Want Want, Holly Info and Erdos.
The zone’s major industries are auto parts, food processing and machinery. The gross industrial output from these industries added up to RMB 5.7 billion, comprising over 91.9% of that from the zone in 2008. In 2009, the gross industrial output of the zone reached more than RMB 10 billion. Xingyu Auto Technology, with an investment of US$85.9 million from Korea, is the largest foreign-invested company in Beijing Xinggu EDZ. It was set up in 2002 and specializes in pressing parts manufacturing. In 2009, the gross industrial output from Korea-funded companies reached RMB 7.7 billion, accounted for 49% of the zone’s total. Taiwan-based Want Want, a large food-processing firm, has seven plants in Beijing Xinggu EDZ. It invested a total of US$50 million in building the plants. I
In 2010, the gross industrial output from companies in food and beverage industry reached RMB 2.0 billion, accounted for about 12.0% of the zone’s total.
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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