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Jiujiang Export Processing Zone
China Knowledge Press, June 2011, Pages: 25
Jiujiang Export Processing Zone (Jiujiang EPZ) rated “C” by China Knowledge in a research report on China’s industrial real estate published today. The EPZ is located in the northeast part of Jiujiang Economic and Technology Development Zone (Jiujiang ETDZ), which is situated west of Jiujiang in Jiangxi Province. Jiujiang EPZ was approved as a state-level export processing zone by the State Council in 2005, and covers a total area of 2.8 sq km.
Jiujiang EPZ has a well-developed trans-portation network. It is 9 km from downtown, 15km from Jiujiang Foreign Trade Port and 14 km from Jiujiang Airport. The Beijing-Kowloon Railway and the Wuhan-Jiujiang Railway meet in the zone. Furthermore, the Nanchang-Jiujiang Expressway and State Highway 105 cut through Jiujiang EPZ.
Jiujiang is among the top five commercial cities along the Yangtze River. It has established trade relationships with more than 70 countries and regions. The only state-level export-processing zone in Jiujiang, Jiujiang EPZ has played an important role in the city’s economic development.
Jiujiang EPZ’s pillar industries are fiberglass, new materials, photovoltaics, autos and electronics. Jiangxi Sornid High Tech Co Ltd, the first photovoltaic enterprise in Jiujiang, invested US$500 million in Jiujiang EPZ. The company’s photovoltaic industrial park, which is under construction, is expected to be able to produce 500 megawatts of polycrystalline silicon wafers per year. In addition, Jushi Group Co Ltd, the largest fiberglass manufacturer in Asia, has invested RMB 4.73 billion in a fiberglass production project in the zone. When the first phase of construction is complete, the project is expected to realize an annual fiberglass output of 350,000 tons.
From January to November 2010, the utilized FDI reached US$21.4 million, and export value hit US$ 147 million. In 2010, total import and export value reached US$ 251 million.
Industrial parks rated C are viewed as least attractive. These industrial parks are not recommended for investment. There are 14 municipal level ‘C’ rating industrial parks among 254 ones rated by China Knowledge since 2003. There is requirement for financing to develop its infrastructure, facilities; and even A&P to attract more companies to set up manufacturing plants.
Jiangxi Sornid High Tech Co Ltd and Jushi Group Co Ltd