Panjin Economic Development Zone
From China Liaoning Business Guide
Contents |
Overview
Liaoning Panjin Economic Development Zone (LPEDZ) was set up in 1992 and approved in 1993, covering an area of 6.2 square kilometers. It is situated at the west of Panjin city, near the Bohai Sea and in the central belt of the Liaohe Delta. With Panjin, the Liaohe Oilfield, and Xinglongtai District, it has rich resources, convenient transportation, a pleasant climate and beautiful landscape. In 2005, LPEDZ became one of the first development zones passing the acceptance inspection of the National Development and Reform Commission.
Industrial Environment
Liaoning Panjin Economic Development Zone has built the China Panjin Production Base of Petroleum Equipment, a production base for petroleum equipment of the China National Petroleum Corporation and listed as a key project of the Liaoning Belt in 2008.
The production base includes both petroleum equipment manufacturing and petroleum engineering technical services. It has eight areas, including a drilling equipment manufacturing area and an oil extraction equipment manufacturing area. The base took shape after a long period of development.
An area of nearly three square kilometers has now been built, 72 projects launched. Their investment totals 6.7 billion RMB (1 billion USD) and their accumulated output tops 15.7 billion RMB (2.2 billion USD). In 2008, output registered at 5.2 billion RMB (700 million USD), an increase of 154 percent year on year. During the first half of 2009, output grew at 145 percent as compared with the same period of the previous year. If all goes according to plan, gross industrial output value will reach 150 billion RMB (21 billion USD) by 2015, regional added value 55 billion RMB (7.9 billion USD).
Panjin High-Tech Petroleum Industry Park aims to become a petroleum equipment manufacturing industry cluster and a world production base of petroleum equipment with global influence.
Functional Parks
LPEDZ implemented a special operating mechanism with four parks: High-tech Petroleum Park, Xinglong Industrial Park, Zhongxing Business and Trade Park and Culture Industrial Park.
High-tech Oil Park
Focus on the development of modern industry, the innovation of high technology and the export-oriented economy, supporting by the advantage of petroleum and chemical industry.
Xinglong Industrial Park
Aim at the development of non-state-owned enterprises with establishing an industrial park--paradise for private entrepreneurs.
Zhongxing Business and Trade Park
Prosper in commercial circulation, improve the living environment for residents by constructing first-class business and trade park.
Culture Industrial Park
Build a business platform by attracting more famous artists and excellent cultural works from home and abroad to develop and promote cultural industry.
Contact Information
Panjin Economic Development Zone
No. 55 Middle Liaohe Road, Xinglongtai District
124010 Panjin, Liaoning, China
Tel: +86 427 287 5600
Fax: +86 427 287 5677
http://www.pjedz.com.cn (Website in English and Chinese)
