Shanghai - Shanghai Spark Industrial Park

Shanghai Spark Industrial Park  

Facts&Figures (2007)

Source: Administration Committee of Shanghai Spark Industrial Park

Introduction

Shanghai Spark Industrial Park (Shanghai Spark IP) was set up in 1984 with a planned area of 7.2 km². It is one of the oldest industrial parks in Shanghai as well as an export-oriented industrial development zone. In 1984, it was approved as a municipality-level development zone by the Shanghai Municipal Government.

Shanghai Spark IP is situated in Pudong New Area in the southern suburb of Shanghai and the north shore of Hangzhou Bay. Shanghai Hongqiao Airport and Shanghai Pudong International Airport are located 52 km and 50 km away from the zone respectively. Haiwan Station of Pudong Railway is located in the park, linking the zone with other major cities in China. Shanghai Port, one of the busiest ports in the world, is 30 km away. In 2007, Shanghai Port handled 560 million tons of cargo and 26.15 million containers, ranking first and second by cargo throughput and container throughput in the world. Shanghai-Nanjing Expressway and Shanghai-Hangzhou Expressway go through the zone.

Shanghai has rich talent resources. There are 60 colleges and universities in Shanghai, including Shanghai Tongji University, Shanghai Fudan University and Shanghai Jiao Tong University. In 2007, the number of college graduates rose 7.2% to 118,500.

Investment Climate

Shanghai Spark IP has developed mainstream industries in fine chemicals, chemical fibers and construction materials. It also encourages investments in pulp and paper manufacturing, new materials and biopharmaceuticals industries.

Large international and domestic companies, such as Kohler, Seves, China Bluestar, Oriental Petrochemical, AWA Paper and Shanghai Dongfeng Auto Fastener have been established in the zone.

China Bluestar Group, one of the country's leading chemical producers, invested over RMB 1.2 billion in a formaldehyde producing base in the park in 1998. The annual production capacity of the base is 40,000 tons. The group aims to build a production base in the zone with an annual production capacity of 200,000 tons by 2012.

U.S.-based Kohler, a top home and bathroom appliances maker, has set up a unit with registered capital of US$18 million. It has invested US$45 million in this unit for manufacturing bathroom appliances.