Excerpt from: China Supply Chain and Logistics Strategy
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| October 17, 2005 | | 3 month In/Out Warehousing Freight Reaches 400,000 Metric Tons | The Zhangjiagang Bonded
Logistics Park has received investment of 4 million USD. 15 investors
have already begun to operate in the BLP. Within the period of 3/21 to 5/25 the volume
freight moving through the warehouses reached 400,00 metric tons, or 3 hundred
million USD worth of freight.
With the implementation of “QuGangLianDong”
the Zhangjiagang bonded logistics park has attracted many local and foreign
investors. The so called “qugangliandong” is a government policy which enables
the cooperation between the bonded zones and the nearby ports. BLPs are
designed to further improve the environment for both foreign-invested and
domestic enterprises and promote the development of local regional economies by
offering better logistics and ocean freight services. BLPs are a combination of bonded land and international port. (see
previous blogposts)
Chinese companies like www.farun.com have invested 123
million USD in the Zhangjiagang BLP. A local Chinese logistics company ww.mtos-china.com invested about
98 million USD. The world’s largest chemical company Vopak, invested 1.8
hundred million USD. Other foreign companies include Wacker www.wacker.com,Sumitomo www.sumitomocorp.co.jp/,
Sharp http://sharp-world.com/index.html, as well as a number of global logistics
companies. | | |
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