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Beijing E-Town to attract RMB 50-bln projects in Q2

May. 16, 2012 (China Knowledge) - Beijing E-Town, a triple-A rated industrial park, is expected to sign a series of projects with total investments of RMB 50 billion in the development area in the second quarter of this year, according to a source from E-Town.
Upon putting into operation, the new projects will generate operating revenue of about RMB 150 billion per year.

These projects include a depositary fund initiated by China National Gold Group Corp, China Financial Certification Authority's certification center, Beijing Atom HighTech Co's R&D center and manufacturing base for isotope drugs, National Environmental Service Industrial Park, Xinxing Cathay International Group Co's E-Town International Trade Port, and the headquarters for AVIC International Renewable Energy Co.

In addition, Beijing E-Town saw significant progress in existing projects. Beijing Benz Automotive Co Ltd's new assembly plant, which is a major part of the automaker's expansion plan, and crucial to Beijing in achieving its auto sales target of 121,000 units this year, is expected to be completed by the end of this month.  

Other major progress made last month include facilities expansion of TCL Medical System and Bosch Rexroth. Additional seven industrial projects have also obtained construction work permits. Beijing Yabao Bio-Pharmaceutical Co and Johnson Controls will commence its production in near term. During the period, state-owned Irico Group and Semiconductor Manufacturing International Corp or SMIC<0981> have achieved dramatic breakthroughs in Beijing E-Town.

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