Dec. 21, 2012 (China Knowledge) - Tianjin Beichen High-tech Industrial Park (Tianjin Beichen HIP) rated “BB” by China Knowledge in a research report on China’s industrial real estate published today. The HIP was established by the Tianjin municipal government in 1992 and covers an area of 17 sq km.
Tianjin Beichen HIP is located in Beichen District, 13 km northwest of the city center, 25 km from Tianjin Binhai International Airport, 60 km from Tianjin New Port and 100 km from Beijing. In 2010, the cargo throughput of Tianjin Binhai Airport and Tianjin Port ranked 11th and third in China, respectively. The area is also easily accessible by land. The Beijing-Tianjin-Tanggu Expressway, the nearest expressway to the park, is a mere 4 km away. There are also other expressways leading to Shanghai, Baoding and Fuzhou in the vicinity.
The HIP consists of two zones, the southern zone and the northern zone. Several parks are now under construction within the HIP, including an auto parts industrial park, a park for overseas small and medium-sized enterprises, an electronics industrial park and a biopharmaceutical industrial park.
Electromechanical manufacturing, biopharmaceuticals, auto parts, food and beverage processing, new building materials and rubber products are Tianjin Beichen HIP’s pillar industries.
Currently, 120 companies from over 20 countries have invested US$1.8 billion in the HIP. Investments from Hong Kong, U.S. and Taiwan account for over 50% of the total investment. Major investors in the park’s pillar industries are South Korea’s LG, mainland China’s Tasly, Japan’s Gaoqiu Liuhe Corp, Hong Kong’s China Resources, Germany’s Knauf and Taiwan’s Cheng Shin Tire.
Industrial parks rated BB are considered attractive at a below-average level. Industrial parks with this rating are typically either in the development stage or are lacking certain important elements. There are 50 with BB rating among 254 national and municipal level industrial parks.
Please note: the version of this report is for a global site license.