Inward Investment, Manufacture & Precision Engineering
Chengdu welcomes inward investment which enables foreign investors to purchase capital goods for a branch of a corporation to locate or develop its presence in the region. Inward investment could be attacted by the relative remoteness, for example, a company wanting to recruit personnel with relatively common skills might deliberately relocate to an area where wage rates are relatively low.
Chengdu has a well developed aerospace industrial base in South-west China. The largest Airbus Maintenance Centre in China is based in Chengdu, now under construction. It is one of key aircraft research, testing bases and manufacturing in China, with quite a number of enterprises strong on aircraft design, manufacturing and testing. Currently, there are 30 middle-and-large scale enterprises, institutes, vocational and technical colleges in aviation and aerospace industry, with a total staff over 45,000 and about 20,000 professionals.
There are 7 aviation manufacturing enterprises with a total assets of 1.3 billion US dollars, an employment of 27000 people, mainly producing light airplanes, engines, airplane-used meters, cockpit, tail, gates and airborne equipment. The city has advanced equipment on digital processing, surface heating and metering and inspection facilities and a quantity of high-caliber professionals capable of international standard research and development. The city has built a fine reputation through cooperation with internationally major airplane producers.
In the maintenance area, there are 6 companies with strong capabilities in airplane maintenance, with a total company assets of 3.5 billion US dollars, an employment of 6500, capable of maintaining engines, helicopter, light planes, volute-axis engine, airborne equipment, alighting carriage, air-driven parts, airplane electronics with a sound parts maintenance abilities.
The strong aerospace industry has attracted companies such as Boeing, Airbus, Rolls-Royces, Parker, Snecma, Aerotech, Molex, Amphenol, Timken, Push, Chengfe and Sigma UK among many others.
CDHT mainly develops aeronautical components manufacture, maintaining and mold & tools industry, with big names as Timken, Push, Chengfei Group, Haite Hi-tech, Hangli group and Sigma UK among many others located in the park. In 2008, a total output of 3.1 billion RMB and added value of 1.41 billion RMB were achieved.
Thursday, 15 July 2010
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