Zhangjiagang Investment

105176 Resource 94086 93210 93210 1129529550567 1129529683067 Controlled Investment in Zhangjiagang Bonded Logistics Park Exceeds 490 million USD

3 month In/Out Warehousing Freight Reaches 400,000 Metric Tons

The <st1:place w:st="on"><st1:placename w:st="on">Zhangjiagang</st1:placename> <st1:placename w:st="on">Bonded</st1:placename> <st1:placename w:st="on">Logistics</st1:placename> <st1:placetype w:st="on">Park</st1:placetype></st1:place> 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. <o:p>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) </o:p> <o:p>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.</o:p> 9 application/xml false bonded logistics park china blp china export china free trade china investment china logistics china sourcing china supply chain zhangjiagang Zhangjiagang Investment Sina.com article http://news.sina.com.cn/c/2005-06-06/14526095230s.shtml Alternative to Waigaoqiao BLP Zhangjiagang Bonded Logistics Park http://supplychain.establishinc.com/public/item/96042 Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.7.5) Gecko/20041107 Firefox/1.0 218.79.141.234 218.79.141.234 dustinmattison false true false false true 187565 false false true false false false true 94086 blog blogsite/ChinaSupplyChain/web