Shanghai - Shanghai Xinzhuang Industrial Zone

Shanghai Xinzhuang Industrial Zone (Shanghai Xinzhuang IZ)  

Facts&Figures (2007)

Source: Shanghai Investment

Introduction

Shanghai Xinzhuang Industrial Zone (Shanghai Xinzhuang IZ), consisting of Shanghai Xinzhuang Industrial Park and Shanghai Xiangyang Industrial Park, was established in 1995 as a municipal-level industrial zone with the approval from the Shanghai Municipal Government. It covers a total planned area of 16.41 km².

The industrial zone, located in Minhang District of Shanghai, is easily accessible. Shanghai Pudong International Airport, the largest airport in China by cargo traffic in 2007, is 12 km away from the park, while Shanghai Hongqiao Airport is within a 30 minutes' drive.

Shanghai Port, one of the busiest ports in the world, is within 6 km. In 2007, Shanghai Port handled 560 million tons of cargo and 26.15 million TEUs, ranking first and second by cargo throughput and container throughput in the world. Shanghai-Nanjing Expressway, China National Highway 312, China National Highway 318 and China National Highway 320 are located nearby.

There are 26 colleges and research institutions in Minhang District, which offer a large number of skilled workers every year. Its home city, Shanghai, is also an educational hub in China. In 2007, the number of graduates hit 118,500. 

Investment Climate

Shanghai Xinzhuang IZ won the ISO14001 certificate for environment management systems and OHSAS18001 Occupational Health & Safety Assessment Series in 2001. It also obtained the ISO9001 quality management system in 2002.

The zone has developed major industries in the telecom equipment manufacturing, machinery and chemical sectors. By the end of 2006, over 260 foreign-funded companies had set up operations there, 76% of which were from the U.S., E.U. and Japan. The total value of foreign investments amounted to US$4.45 billion. About 35 Fortune 500 enterprises have invested in Shanghai Xinzhuang IZ.

Major investors include Degussa (China) Investment, ST&S, Rhodia and Shanghai ALSTOM Transport Electrical Equipment. Deguassa, a top special chemical producer in the world, invested over RMB 100 million in a research unit within the zone in 2005. It decided to add RMB 200 billion to the unit in 2007.