Chengdu Investment News: June 15

1. 80 Jetta cars produced daily, Chengdu FAW’s production line capacity fulfilled
Information from the development bureau of automotive industry of the Chengdu Economic and Technological Development Zone on May 25th, Chengdu Faw Co., Ltd, leader of Chengdu automotive industry, produces 80 Jetta cars per day, having fulfilled the production line capacity, and have also achieved the planned annual production of 20,000 vehicles. It is learnt that Chengdu FAW with its official rollout on July 19th last year has since developed vigorously: the company produced 3,006 vehicles and all sold out during the first quarter, having realized 26.84 million yuan of revenue and 13.22 million yuan of profits.

2.BOE planned to increase investment in Chengdu project
It is reported that BOEA, magnate of LC panel in China, announced a few days ago that it planned to use self-possessed funds to add investment of 240 million yuan to Chengdu BOE photoelectric technology Co. ltd, to ensure the construction of its 4.5 TFT-LCD production line project in Chengdu as planned; meanwhile, it also declared that the registered capital of the joint venture in Chengdu will be augmented from the previous 30 million yuan to 1.1 billion yuan, which will be effectuated at appropriate moments later on.

3. With total investment of 8 billion yuan, construction of Chengdu International Trade Center kicked off
The 2008 important project of Sichuan provincial, Chengdu municipal and Jinniu district governments – Chengdu International Trade Center was laid its foundation stone officially on May 30th, which will be the biggest modernized comprehensive commercial distribution center in central and western China upon completion, pushing the formation of the production-oriented services sector in northern part of Chengdu; meanwhile, the old distribution markets such as the Lotus Pool and Wukuaishi situated in the central city will be moved to the new site, therefore upgrading the whole commercial business in Chengdu.
The total investment of the Chengdu International Trade Center is 8 billion yuan, the first section of which is carried out by Yixia Chengdu Trade Center Stock Co. Ltd with 2.5 billion yuan. The center will have more than 15,000 shops, integrated with the R&D, production, processing, exhibition, negotiation, exchange and e-commerce of small commodities, serving as a modern commercial platform of biggest size in central and western China, with turnover of more than 30 billion yuan annually.
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