Invest TEDA. Vol.94, Monthly Issue, Nov Entrepreneur: Administrative Commission of Tianjin Economic-Technological Development Area (TEDA)

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1 Vol.94, Monthly Issue, Nov.2009 Entrepreneur: Administrative Commission of Tianjin Economic-Technological Development Area (TEDA) Assisted by: Edited by: Deloitte Touche Tohmatsu CPA Ltd, Tianjin Branch (Business Adviser of TEDA Administrative Commission) Investment Promotion Bureau of TEDA TEDA AND C*CORE TECHNOLOGY (SUZHOU) CO., LTD. INKED AN INVESTMENT AGREEMENT Recently a ceremony for the signing of an investment agreement between TEDA and C*Core Technology (Suzhou) Co., Ltd. was held in the Investment Service Center of TEDA. It is learnt that C*Core Technology (Suzhou) Co., Ltd was established on the basis of the cooperation between the Ministry of Information Industry and Motorola in China. Its core technology is the high-performance and energy-efficient designing platform for 32-digit CPU and SoC as well as the R&D and applications of SoC chips. Through unswerving efforts over the past few years, the company has gradually industrialized its high technology and created a new model which is self-developed and market-oriented. It has become a leading provider of embedded CPUs in China and promoted the rapid development of designing and application technology. At present over 30 million chips based on C*Core CPUs have been mass-produced, and tens of companies have been authorized by C*Core, whose products involve Page.1

2 many areas such as information safety, industrial control, consumer electronics, etc. (Tr. by Chen Yu) TEDA INKS AGREEMENTS WITH CRC TEDA recently signed Strategic Cooperation Framework Agreement and Investment Cooperation Agreement with China Resource Corporation (CRC). China Resources Power Holdings Co., Ltd., a Hong Kong-listed subsidiary of CRC, plans to invest 100 million yuan in TEDA to set up China Resource Power Logistics. The project is scheduled to be a headquarters-level base for the procurement, marketing and logistics of 60 million tons of coal annually needed by all the thermal-power projects under China Resource Power so that the purchase, distribution and settlement can be centralized. In addition, China Resource Power also joined China Shipping Group Company in a 300-million-yuan initiative to set up a shipping company in Tianjin for domestic and international marine business. According to the Strategic Cooperation Agreement, CRC would like to be a long-term comprehensive strategic partner of TEDA in logistics, power, port, railway, gas, real estate, trade, medicine, etc. Headquartered in Hong Kong, CRC is one of the most powerful conglomerates in China mainland and Hong Kong with a total asset of 400 billion yuan. CRC Power, with a controllable installed capacity of 35,000 megawatts and a total asset of over 100 billion Hong Kong dollars, is China s sixth largest power company. (Tr. by Zhang Shanshan) THE LARGEST INTEGRATED WIND ENERGY EQUIPMENT PRODUCTION BASE OF VESTAS BUILT UP IN TEDA Recently the largest integrated wind energy equipment production base of Vestas has been built up and unveiled in TEDA. Page.2

3 It is learnt that since its first blade factory set up in TEDA in 2006, Vestas has kept on expanding production facilities. Recently after completing the construction of its control system and machining plants and the expansion of its generator and blade plants, the production base has become the largest integrated wind energy equipment production base of Vestas in the world, with its products involving nacelles, blades, generators, control systems, and mechanical components. Meanwhile, the brand new tower component supply center has also been put to use. The production base will not only enhance the production capacity of Vestas in China but speed up the localization of its production and introduce the advanced wind energy equipment manufacturing technology to China so as to provide hi-tech and hi-quality wind turbines for Chinese and global markets. So far the integrated wind energy equipment production base in Tianjin has been built into the most important production center of Vestas in the world and will help TEDA become an important technology and production base of wind energy and clean energy in China and even the world. Vestas has investment over 1.8 billion yuan (nearly 220 million dollars), a part of its long-term investment, in the construction of its new plants and the expansion of original ones. So far Vestas has invested over 2.5 billion yuan (nearly 380 million dollars) in TEDA, which accounts for over 70 % of its total investment in China. By the end of 2009, the total investment of Vestas in China will exceed three billion yuan. (Tr. by Chen Yu) THE FIRST RMB EQUITY INVESTMENT FUND OF CHINA CONSTRUCTION BANK CAME TO TEDA Launched by CCB International (Holdings) Ltd., a solely-owned subsidiary of China Construction Bank, CCB International Healthcare Fund is the first equity investment fund in China engaged in medical and healthcare industrial investment. Recently the fund was registered and obtained its business license in TEDA. It marks the arrival of the first RMB equity investment fund of China Construction Bank. The Fund was jointly founded by China Yangtze Power Co., Ltd., China Jianyin Investment Securities, Tongren Healthcare Group, etc. Registered as a corporation with its total investment of no more than three billion yuan, the Fund will mainly invest in such five areas as pharmaceuticals, medical equipment, medical institutions, medical services, and rehabilitation and healthcare. Through investment, the Fund will help China upgrade its medical and rehabilitation industry and deal with the problem of expensive medical bills and difficult access to quality medical services for ordinary people. Page.3

4 CCBI Healthcare Investment Management (Tianjin) Co., Ltd. (also known as Fund Management Company), a platform for fund management, is responsible for the management of the fund. The fund management company was established in TEDA in November 2008 and put on file in the National Development and Reform Commission at the beginning of (Tr. by Chen Yu) CLEAN ENERGY VEHICLE PROJECT ARRIVES IN TEDA Recently Tianjin Huanjie Auto Energy Co., Ltd. was approved to be established in TEDA and obtained its business license for enterprise s legal person. The company will engage in refittng fuel-driven vehicles into gas-driven ones, involving buses, refuse collection vehicles, taxis, state-financed vehicles, mobile machinery shops, etc. On the basis of the compressed natural gas (CNG) and liquefied natural gas (LNG) technologies of China National Petroleum Corporation and China National Offshore Oil Corporation, the company will propel the clean energy vehicle projects in the Tianjin Binhai New Area (TBNA) in an all-around way. At present, the company has set up two car modification plants in TEDA and the West Zone of TEDA to refit fuel-driven vehicles into gas-driven ones. By the end of 2010, it is expected to modify 8,000 vehicles (including taxis, state-financial vehicles, etc.) in the TBNA and 32,000 vehicles in downtown Tianjin, which will bring revenue of 54 million yuan and 136 million yuan respectively. It is learnt that in 2009 the company has been chosen by Tianjin Municipal Science & Technology Commission to participate in the National Key Technology R&D Program and the Service Team for Clean Energy Vehicles. Moreover, it is not only a qualified company approved by Tianjin Municipal Government to refit fuel-driven vehicles into gas-driven ones but also an enterprise with class I qualification certified by General Administration of Quality Supervision, Inspection and Quarantine in the installation, modification and maintenance of pressure vessels as well as a member company in the industrialization projects of the R&D and modification of gas-driven vehicles and ships. (Tr. by Chen Yu) CHINA SERVICE OUTSOURCING TIANJIN TRAINING CENTER LAUNCHES IN TEDA Page.4

5 On October 28th, 2009, the plaque for China Service Outsourcing Tianjin Training Center was unveiled at the TEDA Investment Service Center. The Center was initiated based on the Letter of Intention for Jointly Establishing the China Service Outsourcing Tianjin Training Center signed between the Thousand-Hundred-Ten Project Working Group under the Ministry of Commerce (MOFCOM), the China Council for International Investment Promotion (CCIIP), and TEDA. It is by far the only service outsourcing training agency approved by the MOFCOM in China. Officially launched on September 23rd this year, it plans to expand its annual enrollment to10, 000 within three years. Operating right for the Center triggered hot bidding competition among software and service outsourcees as well as IT training agencies. The final winner turned out to be ChinaSoft International (CSI). With a floor area of 6,000 square meters (Phase I), the Center boasts first-class simulation training environment and is divided and decorated strictly according to the function requirement of the service outsourcing office zone of CSI so as to offer future trainees the first-hand experience about their future working environment and responsibilities. The Center mainly renders simulation training programs to college graduates majoring in software engineering as well as courses in business process outsourcing (BPO), IT services (ISO20000/ISO27001/CMMI) and particular techniques to engineers. It has an enrollment plan of 1,500 for 2009 and 10,000 by Within three years time, the Center will be built into the biggest, most competitive, influential and market-friendly service outsourcing training center in Tianjin and the greater North China region. (Tr. by Zhang Shanshan) THE NEW PLANT OF KYOCERA (TIANJIN) SOLAR ENERGY CO., LTD. STARTS CONSTRUCTION With 36.5 million dollars of investment, the new plant of KYOCERA (Tianjin) Solar Energy Co., Ltd. started construction on Oct. 28. The project will cover a land area of nearly 29,000 m2 and a total construction area of 28,000 m2. After the completion of construction, the plant will specialize in the production of hi-tech and environment-friendly solar cell modules, with a planned annual production capacity of 240MW. Page.5

6 The commencement of such a key project of Tianjin marks that the development of the green energy industry has reached a new level in TEDA. (Tr. by Chen Yu) KINBON BREAKS EARTH Kinbon Plastic Profiles-making Co., Ltd. recently broke earth for its 300,000-ton PVC plastic profile facility at the TEDA Hangu Modern Industrial Zone. Established in 1999, Kinbon is a private-owned conglomerate focusing on PVC plastic window and door profiles and end products. Starting up with five production lines ten years ago, today it supplies 200,000 tons of one thousand types of profile sections and over 30 categories of doors and windows in nine series through over 200 production lines annually. It is a brandname supplier of the industry and a front-runner in a variety of indicators. To further promote brand recognition, it set up two 100,000-ton production bases in Anhui and Xi an respectively between 2005 and The new 300,000-ton project will cover 400,000 square meters and involve 1.8 billion yuan of investment. Once operational in 2010, it is projected to supply 300,000 tons of PVC plastic profiles through 300 imported all-sealed production lines. (Tr. by Zhang Shanshan) PHASE II EXPANSION PROJECT OF CABOT CHEMICAL (TIANJIN) CO., LTD. STARTS PRODUCTION Recently the Phase II expansion project of Cabot Chemical (Tianjin) Co., Ltd. started production in the TEDA Modern Industrial Park (Hangu). As the project commenced production, the Tianjin base of Page.6

7 Cabot will become the largest carbon black production base in the world which, with a strong annual production capacity of 300,000 ton, will have its products available to markets afar. It is learnt that the Tianjin base of Cabot, an exemplary enterprise in developing circular economy, has also made outstanding progress in heat recovery, energy conservation and environmental protection, and other aspects. After the first heat recovery center for the Phase I project successfully supplied steam with heat generated in production, the second heat recovery center for the two production lines of the Phase II project began to supply power. The second center not only brings self-sufficient power but also is capable of providing its extra power to public grid, further optimizing comprehensive energy use. With the inauguration of the Phase II project, the world s most efficient equipment with the largest capacity of removing sulfur dioxide with magnesia has also been put to use, which together with the desulfurization equipment built in the Phase I makes the sulfur dioxide emissions of the Tianjin base much lower than the national standard. Besides, the rain collection, waste water treatment and dust control systems technically ensure the Tianjin base a leader in environmental protection in the industry. (Tr. by Chen Yu) TIANJIN TINGJIN FOOD CO., LTD. PLANS TO ADD INVESTMENT AND EXPAND PRODUCTION It is learnt that recently Ting Hsin Group, the largest food company in TEDA, will add an investment of 85.5 million dollars in its beverage production plant, Tianjin Tingjin Food Co., Ltd. As a result, the total investment of Tiangjin Food will grow from 97 million dollars to 182 million dollars. The new investment will be mainly used in expanding production and introducing five new production lines. After the completion of the expansion project, Ting Hsin Group will increase its beverage production capacity by a large margin. With its beverages in short supply, in recent years Ting Hsin Group has seen continuous growth in the sales of its beverages. Since 2007 Ting Hsin Group has added many investments to its beverage production plants in TEDA, Master Kong (Tianjin) Beverage Co., Ltd. and Tianjin Tinghjin Food Co., Ltd. (Tr. by Chen Yu) TEDA (NANGANG INDUSTRIAL ZONE) AND JINGHAI PETROCHEMICAL TRANSPORT AND SALE CO., LTD. INKED AN INVESTMENT COOPERATION AGREEMENT Page.7

8 On Oct. 29, TEDA (Nangang Industrial Zone) and Tianjin Jinghai Petrochemical Transport and Sale Co. Ltd. inked an investment cooperation agreement in the Investment Service Center of TEDA. It is learnt that Tianjin Jinghai Petrochemical Transport and Sale Co., Ltd. used to be a military industrial enterprise set up by Beijing Military Command in It was transferred from Beijing Military Command to Beijing Municipal Government in Dec. 1998, put under the administration of State Assets Supervision and Administration Commission of Beijing Municipal Government in 2003, and restructured into Tianjin Jinghai Petrochemical Transport and Sale Co. Ltd. in Jun. 2003, which is now a holding company of State Assets Supervision and Administration Commission of Beijing Municipal Government. The company mainly engages in the storage of refined oil and some chemical products as well as the wholesale of refined oil. With the current annual handling capacity of two million ton, strong strength, complete equipment, and rich experience, the company acts as the largest warehouse for the transport and storage of oil products and chemical in North China, following CNPC, Sinopec, and CNOOC. The company plans to set up a storage logistics base in the Nangang Industrial Zone, with a total investment of nearly two billion yuan and a land area of nearly 230,000 m2. After the project completes, the base will have storage space of 400,000 m3, an annual handling capacity of eight million ton and a yearly turnover of about four billion yuan. The base will be partially put to use within one year and completed within two years. (Tr. by Chen Yu) DONGDA CHEMICAL TO PRODUCE FOOD ADDITIVE AT TEDA (NANGANG) TEDA and Tianjin Dongda Chemical Co., Ltd. signed an investment agreement for a food additive project at the TEDA Investment Service Center quite recently. As a private-owned company, Tianjin Dongda Chemical researches, develops, produces and markets food additives. It ranks number one in Page.8

9 China and number two globally in the production capacity of sodium benzoate and benzoic acid series and has broad market prospects. Dongda s production process, a first-of-its-kind technique in China, has won it the National Key New Product Award, four invention (product) patents, and three awards for internationally-advanced scientific findings. Its parented sodium benzoic particle was listed as a Spark Program product. Its patent Application of the Innovated Sodium Benzoic Particle was included in the National New Product Catalog in The company has won several honorary titles including one of China s Top 100 Food Additive Suppliers, Hi-tech Private Enterprise, and National Technology Innovation Enterprise as well as national awards such as China s Hi-tech SME Contribution Award and National Contribution Award for Science and Technology Progress. It was recognized as a National Hi-tech Enterprise in To satisfy surging market demand and expand production capacity, Dongda Chemical plans to invest 1.2 billion yuan at the Tianjin Nangang Industrial Zone (TNIZ) for a production base to produce100, 000 tons of sodium benzoic and 150,000 tons of benzoic acid annually. Once operational, the project will become the world s biggest and most advanced food additive supplier with independent IPR and invention patents. (Tr. by Zhang Shanshan) Sponsor:Investment Promotion Bureau, Administrative Commission of Tianjin Economic-Technological Development Area (TEDA) Translators: Department of Translation and Interpretation, Administrative Commission of Tianjin Economic-Technological Development Area (TEDA) Translation Reviser: Liu Xiaojing, Department of Translation and Interpretation, Administrative Commission of Tianjin Economic-Technological Development Area (TEDA) For more information, please contact: Investment Promotion Bureau, Administrative Commission of Tianjin Economic-Technological Development Area (TEDA) Page.9