Lingang Special Area Shanghai Pilot FTZ Brings New Business Opportunities

The new FTZ in Lingang is ready for business and business is beginning to pour in. The latest to take advantage of the new possibilities is Sany Heavy Industry who has built a new production line in the FTZ facility. A spokesman for the company said that its market share for the excavator industry has reached 26% nationwide and growing, with export sales reaching 2.8 billion Yuan, a 40% increase on last year. Other companies taking advantage of the new opportunities are Aero Engine Corporation of China as well as the heavy equipment and engine-manufacturing industries, which produces some of the best products in the world. Further plans are in the pipeline to attract even greater numbers of skilled professionals.

 

 

Source: Shanghai Live, ICS