Fushun Shengli Economic Development Zone
From China Liaoning Business Guide
Contents |
Overview
Liaoning Fushun Shengli Economic Development Zone (LFSEDZ) was founded in June 1988 and approved by Liaoning Provincial Government as a provincial-level development zone in March 1993. It is the first development zone in Fushun and also one of the six provincial-level development zones in Liaoning Province. Located in the city proper of Fushun, LFSEDZ is built on the industrial area deserted by old coalmines, with a total area of 10.3 square kilometers and a population of 50,000. LFSEDZ leverages on Fushun Mining Bureau, a super large state-owned enterprise, and embraces unique advantages, being one of the six earliest provincial-level development zones in Liaoning Province. Situated in the central city cluster of Liaoning Province, LFSEDZ enjoys distinct location advantages and convenient transport conditions. It is 40 kilometers away from Shenyang, 35 kilometers from Shenyang Taoxian International Airport, 400 kilometers from Dalian Port and 200 kilometers from Yingkou Port.
Industrial Environment
Liaoning Fushun Shengli Economic Development Zone enjoys a number of administrative authorities and favorable policies granted by the province and the city. It is also blessed with the advantage of a supporting environment with unique features. The scale has been expanding with increasing economic aggregate, with a diversified economic structure including light industry, food, building materials, machinery, and trade. At present the zone is home to 333 enterprises, utilizing a total of US$ 62.83 million foreign investment, and realizing GDP of 3.7 billion RMB (about 0.5 billion USD) with a tax revenue of 500 million RMB (about 71 billion USD). Recent years have seen a 20 percent and above economic growth rate consistently. Leveraging on the super large enterprises in Fushun, LFSEDZ is committed to transforming and revitalizing old industrial base. Currently, there are 300,000-square meters industrial plants that can be utilized, which have unique advantages and play a unique role in attracting foreign investment, transforming traditional industries, making full use of idle assets, and developing new industries. LFSEDZ is also extremely rich in coal, coal-bed methane, oil shale, and groundwater.
Potential and Prospects for Growth
As Liaoning Fushun Shengli Development Zone mainly makes use of industrial deserted land, without occupying arable land or farmland. It is in the category of protected and fostered development zones, thus has great growth potential. In phase one, 3.2 square kilometers was developed, and in the next term, industrial deserted land of 5 square kilometers shall be developed.
According to the development plan of the zone, in the future each year will see an input of 50 million RMB (about 7 billion USD) to develop the area to a larger extent. Shengli Industrial Park, which was developed in the first place and covered an area of 3.2 square kilometers, is focusing on light industry, food, textile, machinery, electronics, building materials and other new industries.
It is expected that within three years, investment in the park will exceed 3 billion RMB (about 0.4 billion USD), with an industrial output value of 8 billion RMB (1.1 billion USD), and a GDP above 2 billion RMB (0.3 billion USD). As a result, the park will become an important emerging industrial area and a new economic growth engine in Fushun. Development strategies will also bring rare opportunities for LFSEDZ, which is ready to enter into a new stage of development.
Contact Information:
Fushun Shengli Economic Development Zone
No. 1 Dong’er Street, South Garden
113008 Fushun, Liaoning, China
Tel: +86 413 254 3678, 254 3679
http://www.fsslda.com (Website not verified)
