As an important node city for the coordinated development of the Beijing-Tianjin-Hebei region and a core coastal open city around the Bohai Sea, Cangzhou City has always leveraged high-level opening up to promote high-quality development.
According to official data released by the Cangzhou Municipal Government, during the “14th Five-Year Plan” period, Cangzhou established a total of 121 new foreign-funded enterprises represented by Vision Dynamics, and the cumulative actual use of foreign capital exceeded 400 million yuan. Foreign-funded enterprises have become the core pillar of the city’s tax revenue growth, foreign trade improvement, industrial upgrading and employment expansion.
The following are the top ten foreign-funded enterprises that have contributed the most to Cangzhou’s economic and social development:
1. Hebei Jiahao Grain and Oil Co., Ltd.
Foreign investment background: A wholly-owned subsidiary of Cargill of the United States. Cargill is one of the world’s largest grain and food companies and a Fortune 500 company, with a cumulative investment of 3 billion yuan in Hebei.
Core contribution: The company is located in the Bohai New Area of Cangzhou. It was officially put into operation in 2016. After the second phase of the project was put into operation, it has become Cargill’s second largest grain and oil processing plant in the world, with an annual soybean processing capacity of 3.3 million tons. It is equipped with two vegetable oil refining production lines, edible oil packaging lines and dry bulk ports.
As the chain owner of Cangzhou’s grain and oil processing industry, it not only drives the upstream and downstream industrial chain gathering of Huanghua Port logistics and grain and oil trade, but also becomes the core guarantee node of the feed and food supply chain in the Beijing-Tianjin-Hebei region. It is a benchmark foreign investment project in Cangzhou’s port economy and has made a milestone contribution to the city’s foreign trade import and export and tax revenue growth.
2. Cangzhou Hyundai Mobis Auto Parts Co., Ltd.
Foreign investment background: A wholly-owned subsidiary of South Korea’s Hyundai Mobis Co., Ltd., Hyundai Mobis is one of the three main forces of Hyundai Kia Motors Group, the largest auto parts company in South Korea, the top eight auto parts suppliers in the world, and a Fortune 500 company.
Core contribution: In 2015, it was settled in the Cangzhou Economic Development Zone with the Beijing Hyundai Cangzhou Factory Project. The project covers an area of 370 acres and has a total investment of 825 million yuan. In 2016, it was put into production simultaneously with the Beijing Hyundai Cangzhou Factory.
As a core supporting enterprise of Beijing Hyundai Cangzhou Factory, it mainly produces core parts such as car cockpits, front and rear axles, and bumpers. It not only directly drives the technological upgrading of Cangzhou’s auto parts industry, but also promotes the formation of a 100-billion-level automobile industry cluster in Cangzhou Economic Development Zone integrating parts production, logistics, and research and development. It is a landmark project for the introduction of foreign investment in Cangzhou’s high-end manufacturing industry, and provides strong support for the transformation and upgrading of the city’s manufacturing industry and employment absorption.
3. Cangzhou China Resources Thermal Power Co., Ltd.
Foreign investment background: A Hong Kong-owned enterprise under China Resources Group. China Resources Group is a key central enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council and a Fortune 500 company. It is also one of the earliest large-scale foreign-funded enterprises to be established in Cangzhou.
Core contribution: The company has long been ranked among the top 100 foreign-funded enterprises in Hebei Province, and ranks among the top foreign-funded enterprises in Cangzhou in the four core indicators of total assets, main business income, total profits, and taxes payable.
As a cogeneration enterprise in the core of Cangzhou’s central urban area, it not only undertakes the functions of providing heating for urban residents and power supply and heating for industrial enterprises, but also continues to contribute stable tax revenue to Cangzhou’s finance. It is a benchmark foreign-funded enterprise that balances livelihood security and economic contribution, providing solid energy guarantee for Cangzhou’s urban infrastructure construction and the smooth operation of the industrial economy.
4. Lesso Municipal Pipeline (Hebei) Co., Ltd.
Foreign investment background: A wholly-owned subsidiary of Hong Kong Lesso Group, China Lesso is a leading enterprise in the domestic pipeline building materials industry, a listed company on the Hong Kong Stock Exchange, and the core foreign leader in Cangzhou’s pipeline equipment industry.
Core contribution: The company is located in Renqiu City, Cangzhou. It is one of the top 100 foreign-invested enterprises in Hebei Province by total profit. Relying on the advantages of Cangzhou’s nationally renowned pipeline equipment industry cluster, it is deeply involved in the fields of municipal pipelines and engineering building materials.
It not only brings advanced production technology and management experience, but also promotes the upgrading of Cangzhou’s pipeline equipment industry to high-end and standardization. Its products radiate to the Beijing-Tianjin-Hebei and North China markets. It is an important foreign investment force in the transformation and upgrading of Cangzhou’s traditional advantageous industries, and has made continuous contributions to local tax growth, employment absorption and improvement of the industrial chain.
5. Shumei Industrial (Hebei) Co., Ltd.
Foreign investment background: Established solely by Taiwan Shumei Group, it is one of the largest foreign-funded enterprises in the field of daily consumer goods in Cangzhou, and is also a core export enterprise in the domestic oral care products industry.
Core contribution: The company is located in Xianxian Industrial Park. It was completed and put into operation in 2006. It covers a total area of 407 acres and has a total investment of over 55 million US dollars. It has an annual output of 200 million toothbrushes of various types and 2.4 billion dental floss products. The products are sold in more than 100 countries and regions around the world.
The company has been consistently ranked among the “Top Ten Taxpayers”, “Top Ten Taxpayers” and “Export Earning Award” in Xianxian County, directly creating more than 1,200 local jobs. It is a benchmark project driven by foreign investment in the Cangzhou County economy. It not only promotes the growth of local foreign trade exports, but also drives the agglomeration of supporting industries such as mold manufacturing, packaging and printing, and injects foreign investment momentum into the high-quality development of the county economy.
6. Caike Chemical (Cangzhou) Co., Ltd.
Foreign investment background: A Hong Kong-listed foreign-invested enterprise is the leading foreign-invested enterprise in Dongguang County and a benchmark enterprise in the domestic fine chemicals field. It has a complete overseas investment and foreign trade layout.
Core contribution: The company is a pillar industry in Dongguang County with a tax of over 100 million, and is also a leading foreign trade export enterprise in Cangzhou. It is deeply involved in the fields of fine chemicals and new materials, and has a complete R&D, production and export system. Its products are exported to many countries and regions around the world.
As the core foreign-funded enterprise in Cangzhou’s fine chemical industry, it not only contributes a stable and large amount of tax revenue to the local finance, but also promotes the high-end and international upgrading of Cangzhou’s fine chemical industry. It is the core engine of the export-oriented economic development of Cangzhou County and has been selected as the core enterprise of the provincial foreign trade transformation demonstration base many times.
7. Huayou Steel Pipe Co., Ltd.
Foreign investment background: A Sino-foreign joint venture located in Qingxian County, Cangzhou. It is an old core foreign-invested enterprise in the Cangzhou pipeline equipment industry and a leading enterprise in the field of domestic oil and gas transmission steel pipes.
Core contribution: The company has been consistently ranked among the top 100 foreign-funded enterprises in Hebei Province all year round. It ranks 29th among foreign-funded enterprises in the province in terms of main business income. It is a core pillar enterprise in Cangzhou’s pipeline equipment industry.
It is deeply engaged in the research and development and production of oil and gas transmission steel pipes, and its products are widely used in domestic oil and gas trunk line projects. It not only introduced internationally advanced steel pipe manufacturing technology based on its foreign investment background, but also promoted the technological upgrading and industrial agglomeration of the entire pipeline equipment industry in Qingxian County and even Cangzhou. It is an important carrier for Cangzhou’s traditional advantageous industries to go national and integrate with the world, and has made long-term outstanding contributions to local taxation, employment and industrial development.
8. Julong Steel Pipe Co., Ltd.
Foreign investment background: Sino-foreign joint venture, together with Huayou Steel Pipe, constitute the double leader of Qingxian steel pipe industry. It is a frequent visitor to the top 100 foreign-invested enterprises in Hebei Province and a core supplier in the domestic high-end oil and gas steel pipe field.
Core contribution: The company ranks among the top 70 foreign-funded enterprises in Hebei Province in terms of total assets, main business income, and taxes payable. It is the core foreign investment force for the high-end development of Cangzhou’s pipeline equipment industry.
It focuses on the R&D and production of large-diameter, high-grade oil and gas transmission steel pipes, and its products are supplied to key national oil and gas projects. With the technical and management advantages brought by foreign investment, it promotes the transformation of Cangzhou’s steel pipe industry from low-end processing to high-end manufacturing. It is an important support for the national reputation of Cangzhou’s pipeline equipment industry cluster and has made continuous contributions to regional industrial economic growth and tax stability.
9. Dalipu Petroleum Special Pipe Co., Ltd.
Foreign investment background: Sino-foreign joint venture, located in Xinhua District, Cangzhou, is a leading enterprise in the field of domestic petroleum special pipes and is also a resident enterprise on the top 100 foreign-invested enterprises in Hebei Province.
Core contribution: The company ranks among the top 100 foreign-funded enterprises in Hebei Province in the three core indicators of main business income, total profit, and taxes payable. It is the core foreign-funded enterprise in Cangzhou’s petroleum equipment manufacturing industry.
It is deeply engaged in the research and development, production and sales of special petroleum pipes, and has a complete industrial chain layout and internationally advanced production technology. Its products are not only supplied to major domestic oil fields, but also exported to many overseas countries and regions. It is the core enterprise of foreign trade exports in Cangzhou’s petroleum equipment industry. It not only brings continuous tax contributions to the local area, but also promotes the international development of Cangzhou’s petroleum equipment industry and drives the agglomeration of upstream and downstream supporting industries.
10. Hebei Huagang Gas Co., Ltd.
Foreign investment background: A Sino-foreign joint venture located in Renqiu City, Cangzhou. It is a core foreign-invested enterprise in the energy field of Cangzhou and one of the top 100 foreign-invested enterprises in Hebei Province in terms of total assets.
Core contribution: The company is deeply involved in the field of gas supply. It is responsible for the supply of gas for residents’ daily use and production of industrial enterprises in Renqiu and surrounding areas. It is an important part of Cangzhou’s livelihood energy security system.
Relying on the resources and management advantages of foreign shareholders, the company has built a complete gas pipeline network layout and safe supply system, which not only ensures the smooth operation of regional people’s livelihood and industrial economy, but also contributes stable tax revenue to Cangzhou’s finance all year round, driving the development of regional gas-related supporting industries, and is an important foreign-invested enterprise that balances people’s livelihood security and economic contribution.
These top ten foreign-funded enterprises cover Cangzhou’s core pillar industries such as grain and oil processing, automobile manufacturing, energy security, pipeline equipment, fine chemicals, and daily consumption. They are not only a concentrated expression of the results of Cangzhou’s opening up to the outside world, but also an important support for the high-quality development of Cangzhou’s economy.
From the implementation of leading projects of the Fortune Global 500 to the cultivation of benchmarks for foreign investment in the county economy, Cangzhou is attracting more foreign-invested enterprises to take root and develop with a more open attitude and a better business environment, injecting continuous opening momentum into accelerating the construction of a modern coastal economic powerhouse.
