DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ebf121/shanghai_songjiang) has announced the addition of the "Shanghai Songjiang Industrial Zone" report to their offering.
Shanghai Songjiang Industrial Zone (Shanghai Songjiang IZ) rated BBB by China Knowledge. The industrial park consists of Songjiang Pilot Industrial Zone, the Shihudang Sub-zone of Songjiang IZ and Liantang Green Industrial Zone. Set up in 1992, Shanghai Songjiang IZ was the first industrial zone to be set up in Shanghai, and was approved by the Shanghai municipal government as a municipal-level development zone in 2006.
Major industries in Shanghai Songjiang IZ include electronic information, machinery, fine chemicals, food and beverage processing, new materials and biopharmaceuticals. By Nov 2010, the gross industrial output from the zone topped RMB 306 billion, accounting for nearly 10.9% of Shanghai's total.
By the end of 2008, a total of 1,172 foreign-invested projects had set up in the zone. In 2010, 74 new foreign-funded projects had been launched, and the contracted FDI had amounted to US$240 million.
Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
Companies Mentioned:
Dow Corning, ABB and Nestle
For more information visit http://www.researchandmarkets.com/research/ebf121/shanghai_songjiang