In order to optimize the business environment, promote foreign investment, and further expand high-level opening up, on August 22, Lingang held a symposium on foreign-funded enterprises in the third anniversary of the Lingang New Area. Representatives of more than 20 foreign-funded enterprises, including Lenze, attended the symposium, covering a number of key industries and frontier fields such as new energy vehicles, information technology, high-end equipment manufacturing, biomedicine, and modern service industries.
At the symposium, representatives of nine foreign-funded enterprises spoke one by one on the contents of the new area, such as investment and trade freedom, institutional openness and innovation, business facilitation, key business layout, and future development strategies.
Bonded to Lingang, production and manufacturing capacity upgraded
In 2006, Lenze set up a wholly-owned subsidiary in Lingang, Shanghai, and established a production base in Lingang. Since then, Lenze China has taken root in Lingang and started the way to development in China and East Asia. In 2012, the Lenze Group launched the second phase of the expansion of the Lingang site, making it the most important production site in Asia. On August 20, 2019, the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone was established, and on the same day, Lenze China also relocated its Asian Applied Technology and R&D Center in downtown Shanghai to Lingang Base. At present, Lenze has invested more than 400 million yuan in Lingang, and the Lingang plant has become the regional headquarters base of Lenze in Asia, integrating sales, production, logistics and R&D.
The interaction is good, and the development path is constantly expanding
As a 75-year-old Germany enterprise, units and leaders at all levels in Lingang have visited the Lenz factory for many times, researching and guiding, creating a good policy support and business environment for foreign-funded enterprises to develop in China. Lenze has also achieved good results under the good business situation of actively cooperating with the government, making suggestions and suggestions for the development of Lingang, and bravely assuming social responsibility. "In the three years since Lenze entered Lingang, it has achieved an average annual growth rate of more than 20% every year, and its annual operating income has increased from 500 million yuan three years ago to 850 million yuan in 2021, which is a very rapid development." Mr. Xie Weidong, President of Lenze East Asia and member of the Executive Board of the Group, shared his experience of growing together with Lingang in his speech, "We believe that Lenze's personal experience can be used as a benchmark for foreign companies to witness the good business environment in Lingang. ”
"Next, Lenze is planning further investment in Lingang, we have a new production line of 70 million yuan has been landed, and the third phase of the expansion project is also on the agenda." Mr. Xie Weidong is full of expectations for the company's future development in Lingang.
Deepen business connections and seek development at the same frequency
According to reports, at present, there are more than 2,600 foreign-funded enterprises in the Lingang New Area, with a total of 2.992 billion US dollars of actual foreign investment, and a total of 1.194 billion US dollars in the first half of 2022, a year-on-year increase of 263.26%. Since the establishment of the Lingang Special Area, it has become a clear banner of China's reform and opening up, and a hot spot for investment from all parties. In the future, the Lingang Special Area will continue to optimize the business environment, create a good innovation ecosystem, provide more precise preferential policies and high-level considerate services, and attract more foreign investors to come to Hong Kong to start businesses.
In this hot land, Lenze will, as always, actively assume corporate social responsibility and responsibility, constantly practice the concept of "in China, for China" of Lenze, and contribute to the development of China's intelligent manufacturing industry chain with Lenze's rich experience in the field of industrial automation for more than 70 years. Lenze sincerely looks forward to continuing to seek common development with Lingang New Area, creating new achievements and writing a new chapter of win-win cooperation.
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