Nov. 5, 2010 （China Knowledge） – Chongqing Tongliang Industrial Park or Chongqing Tongliang IP was rated BB by China Knowledge Financial. Industrial parks rated BB are considered attractive at a below-average level and those with this rating are typically either in the development stage or are lacking certain important elements. The IP was approved and established by the Chongqing municipal government in 2002 as a municipal-level development zone.
The IP is located in Tongliang County, which is situated in the northwestern part of Chongqing. Tongliang County is 41 km from Chongqing's downtown and 65 km from Jiangbei International Airport. Tongliang County's transportation system mainly relies on highways. The Chongqing-Suining Freeway and State Highway 319 traverse the county from east to west.
Tongliang realized GDP of RMB 11.1 billion in 2008 and it accounted for 2.2% of Chongqing's total.
Chongqing Tongliang IP's pillar industries are equipment manufacturing, textiles and garments, electronics and new materials. Approximately 146 enterprises with a total investment of RMB 6.5 billion have set up businesses in the park. They realized a gross industrial output of RMB 4 billion in 2008. Leading domestic enterprises that have invested in the park include Red Dragonfly Group, Tianxiang Group, Chongqing Jinjiang Cement, Chongqing Aobo Aluminum and Chongqing Heping Pharmacy.
Chongqing Aobo Aluminum, which engages mainly in manufacturing aluminum alloy and magnesium alloy materials, commenced operations in October 2008. The company is expected to realize annual sales revenues of RMB 1 billion in 2010.
Chongqing Jinjiang Cement, one of Chongqing’s top 30 building material companies in terms of industrial output, announced that its new 2 million ton dry-process cement production line started operations in December 2008. In March 2006, its 1 million ton dry-process cement production line had been put into operation. Consequently, beginning in 2009, the company has an annual dry-process cement production capacity of 3 million tons and is able to realize annual sales revenues of RMB 1 billion.
The report providing rating details was published to establish its credibility and importance to foreign manufacturers and businesses.
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