IPR center to be set up
The Suzhou Industrial Park will be the first development zone to set up an Intellectual Property Rights Protection Center. The opening date is undisclosed, but the center aims to provide enterprises with strong service support and protection of IPR applications and enterprises. The center will help companies to raise capital.
HiSense targets Africa
In January, China-based TV, air-con, handset and refrigerator manufacturer HiSense announced plans to invest US$19 million to build an industrial Park in South Africa. Construction will start next year and is scheduled for completion at some point in 2009. Once in operation, the park is expected to generate US$140 million and create 1,100 jobs for the African country, an official for the company said. HiSense set up its first production line in South Africa in 1997.
Ascendas’ park in Xiasha
In July, business space provider Ascendas announced it will invest US$460.15 million to set up the Singapore-Hangzhou Science and Technology Park in Xiasha. The park will cover 430,000 square meters and is expected to host 30,000 to 50,000 industry professionals upon completion in five to eight years. The park will also serve as a hub for business process outsourcing, information technology outsourcing and R&D. Ascendas plans to more than triple its investment in China within the next five years, with total investments reaching US$2.5 billion.
Taiwan electronics giant Foxconn Group plans to invest US$1 billion over the next three years to produce electronic products in the Beidaihe district of Qinhuangdao. The park will house a cluster of nanotechnology R&D centers and factories. The investment is a part of the company’s larger development plans to start a US$99 million project to move its production base from eastern coastal areas to north and northeastern inland regions.
Cleantech launches park
The Cleantech Group, in partnership with Tsing Capital, Tsinghua Holdings and the municipality of Xuzhou, is planning to launch a Xuzhou Cleantech Park in Jiangsu Province. The park will deploy technology across “clean” segments like renewable energy, energy efficiency, wastewater purification and resource recycling. China has a strong interest in cleantech as a means to resolve major environmental issues, said Don Ye, Tsing Capital’s CEO.
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