TEDA Attracts Investments of USD1.5 billion in its First Quarter Business Invitation

TEDA Attracts Investments of USD1.5 billion in its First Quarter Business Invitation

April 11, 2006

    TIANJIN, China, April 11 /Xinhua-PRNewswire/ -- TEDA
government announced that TEDA's indexes for business
invitation and foreign capital usage in the first quarter
have been increased largely.  59 foreign capital
enterprises have been newly approved; 60 foreign capital
enterprises have increased their investments; the total
investments, contractual value and capital contribution are
USD1.552 billion, USD 893 million and USD 517 million
respectively.  Of them, TEDA's contractual value and
capital contribution have grown by 23.7% and 42.0% year on
year, respectively. 33.4% of the annual capital
contribution has been completed.

    Of the newly approved foreign capital enterprises
landing in TEDA, 33 projects have total investments
surpassing USD10million, including 15 projects with
investments from multi-national companies, such as the
dominant projects of Tianjin Otis Elevator Co., Ltd, Master
Kong Beverages (Tianjin) Co., Ltd.  In terms of capital
increase projects, 9 projects have increased a total of
capital of USD10 million respectively where Novo Nordisk,
ROHM Semiconductor, Tianjin Samsung Telecom Technology Co.,
LTD., Taida Chemical, Hualida Biotech, etc., have increased
their capital many times.

    About Tianjin Economic-Technological Development Area
(TEDA)

    Tianjin Economic-Technological Development Area (TEDA)
was established in 1984 with the approval of the State
Council of the People's Republic of China.  It is one of
the first state-class economic-technological development
areas in the country. 

    TEDA is located in the center of a larger area
bordering Bohai Sea and the east of the Asia-Europe Land
Bridge, thus serving as the gate to the two super cities of
Beijing and Tianjin, and the throat connecting the northeast
of China.  By the end of 2005, 4,067 foreign companies have
landed in TEDA.  Of the Fortune 500 companies, 57
multinational companies, from 10 countries and regions,
including such well-established multinational giants as
Motorola, Samsung and Toyota, invested in 123 enterprises
in TEDA.  In 2000, "Fortune" listed TEDA as one
of the most highly recommended economic areas in China.  In
2002 UNIDO listed TEDA as one of the most dynamic areas of
China together with Shenzhen, Suzhou, Wenzhou, Shanghai
Pudong and Xi'an High-tech Park.

    For more information, please contact:

     Ding Lei
     Tel:   [phone]

     Xu Hui
     Tel:   [phone]

     Web:   http://www.investteda.org

SOURCE  Tianjin Economic-Technological Development Area