Fujian - Fuzhou Yuanhong Investment Zone

Facts&Figures (2007)

Source: Administration Committee of Fuzhou Yuanhong IZ

Introduction

Fuzhou Yuanhong Investment Zone (Fuzhou Yuanhong IZ) is set up by Fuqing, a county-level city under the administration of Fuzhou. It is located at Fuqing Bay, 12 km east of downtown Fuqing and 40 km southeast of downtown Fuzhou.

Fuzhou Yuanhong IZ is divided into two parks. The eastern park is a food industrial park, with an area of 9 km². The western one, with an area of 6 km², is a park for light industry.

The zone is fairly accessible by air, land and sea. It is 29 km away from Fuzhou Airport and the nearest highway connecting it with Fuzhou and Xiamen is a mere 19 km away. Yuanhong Port, with an annual throughput of over one million tons, is located within the zone itself.

Investment Climate

Presently, there are over 70 companies in Fuzhou Yuanhong IZ, with a total investment of US$500 million by October, 2008. In 2007, their total industrial output reached RMB 3.0 billion. Food processing and light industry are the key developed industries in Fuzhou Yuanhong IZ. Four industrial bases have been established, including a grain, oil and food processing base, an automobile parts base, a new energy base, and a plating base.

The eastern zone, in which the food processing industry dominates, has been established by the National Food Association as a national model park for food processing. The food processing industry generated an annual industrial output of more than RMB 2.0 billion in 2007. The impressive output was generated by a total of ten major enterprises. Major domestic investors in this zone include Yuanhong Flour, Yinfu Oil and Hongguan Flour.

The western zone is occupied mainly by the light industry, with products such as glass, auto parts, textiles, garments and paper produced here. Yuansheng Light Industry, Xinfuxing Glass, Yimen Textile, Ruixin Garment, Yuanxiang Paper are some of the major companies that have invested in the zone.