[AsiaNet] Foreign firms expand in Tianjin Binhai New Area over sound
investment services
AsiaNet 80982
(TIANJIN, China, Oct. 14, 2019 AsiaNet=연합뉴스) Tianjin Binhai New Area's sound regional supporting facilities and superior investment service environment have attracted a large number of foreign-funded enterprises to settle down and develop. PPG Coatings (Tianjin) Co., Ltd. settled down in Tianjin Economic-Technological Development Area (TEDA) in 1994, and has gradually developed into the world's largest PPG coating production base.
PPG announced last year that the world's most advanced paint innovation center would be established in TEDA. The project is PPG's only global-level research and development (R&D) center outside the United States as well as the first foreign-funded global-level R&D center in TEDA. The innovation center is scheduled to be completed and put into operation in 2021 and will serve all PPG divisions as well as customers in China, Asia and the rest of the world.
Yan Caiming, general manager of PPG Asia Pacific, was one of the first batch of local employees. "Local regulators always put investors first," she said. "They offer one-stop services and spare us from going around. Their dedication to serving foreign investors has helped us grow here."
Established in 2015, CSCC is a state-owned mixed-ownership enterprise that offers supply chain financing services. It settled in TEDA in 2015 and established a modern "financial workshop."
Liu Changbo, senior vice president of the company, said Binhai New Area has been a pioneer in reform and innovation, as a string of favorable policies to serve enterprises and promote the economy have been introduced in recent years. "We will leverage the new area's resources to serve the country and create a benign industrial and financial ecosystem for enterprises via scientific and technological innovation," he said.
Source: Media Convergence Center with Tianjin Binhai New Area
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