On March 29, the Sino-Singapore Tianjin Eco-City marks a key milestone in the development of its Eco-Industrial Park (EIP) with the groundbreaking of Pan Asian Water Manufacturing (Tianjin) Co, Ltd (PAW) and the Topping Out for Phase 1 of the Ready-Built Factories (RBFs) in the EIP.
The ceremonies were graced by Vice Chairman of the Eco-City Administrative Committee (ECAC) Mr. Meng Xian Zhang, General Manager of Tianjin Eco-City Investment and Development Co., Ltd (TECID) Mr. Meng Qun, CEO of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC) Mr Ho Tong Yen, and CEO of Pan Asian Water Solutions Limited (PAWSL) Mr. Eddie Koh.
To kick start the EIP’s development, SSTEC is investing RMB 220 million for the construction of RBF Phase 1, with built-up area of 63,800 square meters, to cater to a range of high value, low-carbon footprint cleantech production and other value added operations.
This green industrial space will provide a quick, low-cost and hassle-free option for manufacturing companies to jump-start their businesses in the Tianjin Eco City. The Topping Out Ceremony for these factories signifies the structural completion of Phase 1. Final completion for Phase 1 is expected to be done by July 2011. Together with RBF Phase 2, the RBFs will boast a total built-up area of 170,000 square meters.
Strategically located next to the major highways that link the Eco-City to Tianjin Port, Tianjin Airport, Tianjin City and Beijing, these RBFs boast green features such as Solar photovoltaic panels and energy-saving insulation materials. They will serve as “plug-and-play” facilities for both local and foreign investors which are interested in establishing their manufacturing bases in the Tianjin Eco-City and to serve the thriving Tianjin Binhai New Area and the surrounding Northern China market, as well as export markets.
Pan Asian Water Manufacturing (Tianjin) Co., Ltd. (PAW) also celebrated its groundbreaking today for the construction of its China Headquarters and its key manufacturing base in Tianjin Eco City.
This base will consolidate its existing manufacturing operations in China and to serve its growing global needs and markets. In addition, it will serve as its global logistics and warehousing hub, R&D centre and control centre for brand building and marketing for Duvalco products. The total investment is RMB100 million. PAW is a subsidiary of PAWSL, a Singapore Exchange-listed quality pipe and valve manufacturer.
As the first investor in the Tianjin Eco-City Eco-Industrial Park (EIP), PAW’s entry will not only help shape the eco-product value chain and create job opportunities for the residents in Eco-City, but also set an example to Singapore companies interested to venture into the Tianjin Binhai New Area (TBNA), one of China’s fastest-growing regions for the last few years.
Since PAWSL announced its investment in June 2010, SSTEC has attracted RMB1.2 billion worth of investments to its Eco-Industrial Park. This morning, the Tianjin Eco-city Sheng Chuang Investment and Development Co., Ltd (Sheng Chuang) was also officially founded. As the development and asset management arm of the Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd (SSTEC), this wholly owned subsidiary of SSTEC seeks to bring to the Tianjin market practical eco-real estate solutions for industrial, commercial and retail tenants. The formation of Sheng Chuang will help SSTEC to realize its vision of establishing models for sustainable buildings and for the managing of eco-industrial, commercial and retail spaces.
CEO of PAWSL Mr Eddie Koh said, “Tianjin Eco-City offers one of the best business friendly environments we have seen thus far. Setting up a sound base here will help us to consolidate manufacturing, R&D and logistics resources, and enable us to expand into new business areas globally. We value our partnership with the Eco-City and appreciate the international platform that it has set for us.”
CEO of SSTEC Mr Ho Tong Yen said, “We are celebrating three important events today. First, we are very pleased to welcome PAWSL’s investment in the Sino-Singapore Tianjin Eco-City. This is the first investment in the Eco-Industrial Park and today’s ground breaking ceremony marks a significant milestone in both SSTEC’s economic promotion efforts and our drive to grow the cleantech sector in the Eco-City. Second, the topping out of the RBFs in the Eco-Industrial Park reflects SSTEC’s commitment to provide a cost effective and convenient platform for companies to invest in the Eco-City. Finally, today marks the official establishment of Sheng Chuang, a fully-owned subsidiary of SSTEC, whose objective is to provide sustainable eco-business space solutions to our customers. Seen together, the three events reflect SSTEC’s strong commitment and steady progress towards building an economically vibrant Eco-City, which is committed to sustainable development.”
