Foreign-funded Enterprises Felt Confident about TEDA with a Stronger Presence Here

TEDA topped all national economic development zones on introduction and utilization of foreign capital in 2020. In the uncertain global investment environment, TEDA remains robust in bringing in foreign capital, backed by a sound business environment, a solid industrial foundation and efficient and convenient services. Multinational companies including Tianjin FAW Toyota, Freescale, PPG Coatings and Nestlé have increased their capital in TEDA and actively promoted the construction of new projects, showing their strong confidence in the sustainable development here. In the meantime, Hanwha Investment has started operation, and foreign enterprises such as Mosboryung are registered. Together with TEDA, they pursue strong development.

Tianjin Faw Toyota Motor Co., Ltd.

With reinvestment of 3.8-billion-yuan domestic capital and 560-million-dollar foreign capital, TFTM became the headquarters of business units of FAW Toyota.  

In October 2020, Tianjin FAW Toyota Motor Co., Ltd. completed the integration of Sichuan FAW Toyota Motor Co., Ltd. (including Changchun Fengyue Branch), Tianjin FAW Toyota Engine Co., Ltd. and FAW Toyota (Changchun) Engine Co., Ltd. On the basis of integration, it has increased 3.8-billion-yuan domestic capital and 560-million-dollar foreign capital. After the integration and capital increase, Tianjin FAW Toyota Motor Co., Ltd. was upgraded to the headquarters of FAW Toyota business units. At the end of November, Tianjin FAW Toyota Motor Co., Ltd. was identified as the regional headquarters of a multinational company. So far, FAW Toyota has formed a large cluster of passenger vehicle enterprises comprising three vehicle production bases, two engine production bases, one R&D center, one sales company and one logistics company.

Freescale Semiconductor (China) Limited

NXP built its semiconductors Tianjin Integrated Circuit Test Center.

NXP began renovation in its new plant in Micro-electronics Industrial Park on August 3, 2020. The plant will be built into NXP Semiconductors Tianjin Integrated Circuit Test Center. NXP Semiconductors Co., Ltd. is a global leading company of semiconductors, automotive electronics, AI, and IoT nodes processing chips. Located in TEDA, Freescale Semiconductor (China) Limited is engaged in the design, packaging and testing of integrated circuits. In December 2015, NXP Semiconductors completed its global acquisition of Freescale Semiconductors, making Freescale Semiconductors (China) Co., Ltd. a wholly-owned subsidiary of NXP Group in China.

PPG Coatings (Tianjin) Co., Ltd.

PPG Coatings invests 550 million yuan to build PPG Global Coatings Innovation Center in TEDA.

PPG Coatings (Tianjin) Co., Ltd. builds PPG Global Coatings Innovation Center-TEDA with 550 million yuan. The project, covering an area of 32,000 square meters, will become the world’s first coating innovation center the US. It will support PPG’s design, R&D and application of new products and technologies in China, Asia Pacific and global businesses. The center broke ground on March 1, 2021. PPG Coatings (Tianjin) Co., Ltd. is the first plant invested by PPG in China and the largest coating production base of PPG in the world.

Vitesco Automotive Electronics (Tianjin) Co., Ltd.

Vitesco Broke Ground Asia R&D Center

On September 8th, 2020, a grand ground-breaking ceremony was held by Vitesco Technologies, a subsidiary of Continental AG, for its Asia R&D Center. Located inside Vitesco Tianjin Factory in TEDA, the center is committed to developing hybrid and electrified powertrain technologies, and is expected to be completed at the end of 2021. One of the largest auto parts suppliers in Tianjin, Vitesco Automotive Electronics (Tianjin) Co., Ltd. is affiliated to Continental AG.

Nestlé Tianjin Ltd.

Nestlé Increased Capital by 730 Mln yuan for 4 Projects, Incl. Its 1st Plant-based Product Line in Asia  

On May 20, 2020. Nestlé (China) Ltd. and TEDA Administrative Commission singed a MOU. Nestlé increased capital by 100 million Swiss Francs (730 million yuan) to build its first plant-based product line in Asia. It also expanded production capacity of Tianjin Petcare factory, update its Chengzhen Wafer production line, and improve the capability of Tianjin Nestlé Quality Assurance Center. Nestlé has so far two factories, one quality assurance center and one product innovation center in TEDA, with more than 1,000 employees.

Mars Petcare (China) Co., Ltd.

Mars Invested over 1 Mln USD in Tianjin Factory

The ground-breaking ceremony of Mars Tianjin Petcare Factory was held in TEDA on December 21, 2020. Once completed, the new project will become one of Mars’ biggest and most advanced pet food factories in the world. Located in TEDA Middle Zone, Mars Tianjin Petcare Factory covers about 110,000 square meters, with a designed capacity of over 250,000 tons once fully operational and is expected to realize intelligent and green production of pet food for the first time. Founded in 1911, Mars is engaged in pet food, healthcare and technology services with over 50 brands globally.

Kennametal (China) Co., Ltd.

Kennametal Increased Registered Capital by 50 Mln yuan & Total Investment by 150 Mln yuan

On January 14, 2020, Kennametal (China) Co., Ltd. and TEDA Administrative Commission inked an agreement for capital increment and capacity expansion. Kennametal increased its registered capital by 50 million yuan and its total investment by 150 million yuan for more automatic and intelligent production, and bigger production capacity and scale. Established in 2005 in TEDA West, Kennametal (China) Co., Ltd. has increased its original production lines from the original three to the present seven in 16 years. Now it boasts the most fully-fledged product lineup globally.

Hanwha Asset Management

Hanwha Asset Management Started Business as the 1st Foreign PE Fund for Investment in Securities in North China

On October 16, 2020，Hanwha Asset Management finished registration procedures as a qualified private securities investment fund manager and started business in TEDA, thus becoming the first foreign private equity securities investment fund in Tianjin and North China. Founded in 1952, Hanwha Group’s business covers manufacturing, construction, finance, service and entertainment. Hanwha Asset Management Co., Ltd. is a wholly owned subsidiary of Hanwha Investment Trust Management Co., Ltd., a subsidiary of Hanwha Group.

Coller Capital

Coller Investment Management Limited has invested in a series of projects.

Coller Investment Management Limited, an investment management institution of Coller Capital, planned to invest and set up 3 companies in TEDA in 2020. In the future, Coller Capital will gradually expand its private equity secondary market business to China. Coller Capital is a pioneer and leader in the global private equity secondary market, and Coller Investment Management Limited is an investment management institution under it, with total assets under management of 25 billion dollars.

Mosboryung (China) Information Technology Co., Ltd.

Mosboryung (China) Information Technology Co., Ltd. was jointly established by Momsmom Co., Ltd., a wholly-owned sales entity of Medience Co., Ltd., and Jiaxing (Tianjin) Trading Co., Ltd. on February 28, 2020, with a registered capital of 50 million yuan. The company is committed to building Boryung new retail and e-commerce cluster, integrating domestic new retail e-commerce channels such as Taobao and JD, and building a self-brand online sales system. Medience Co., Ltd. is subordinate to Boryung Pharmaceutical Co., Ltd.

Huabrake ATV (Tianjin) Transmission Equipment Co., Ltd. and Huabrake (Tianjin) Transmission Technology Co., Ltd.

They have jointly established a Sino-French ATV transmission equipment R&D and service base.

Huabrake ATV (Tianjin) Transmission Equipment Co., Ltd. and Huabrake (Tianjin) Transmission Technology Co., Ltd. set up a Sino-French ATV transmission equipment R&D and service base in TEDA in 2020. The project plans to set up a China research & service center and a sales settlement center. Huabrake AVT is a Sino-French joint venture specializing in industrial brakes and couplings manufacturing. Huabrake (Tianjin) is the general agent of ATV Transmission Equipment Co., Ltd. in China, and a leading company in the transmission machinery industry, especially in the brake industry worldwide.

Cornelius (Tianjin) Co., Ltd.

It has invested to establish catering service technology department.

In 2020, Cornelius planned to establish a catering service technology department in TEDA, and to introduce new products such as food heating equipment, slush machine and beer machine, making Cornelius (Tianjin) Co., Ltd. the sales headquarters of Marmon Group in China and cover the Asia-Pacific market. Marmon Group will continue to increase its investment in China, and make Tianjin branch the headquarters of the Group’s catering technology industry in China. Cornelius (Tianjin) Co., Ltd., a subsidiary of Marmon Group, is a pioneer and leader of the world’s top beverage blending technology and solutions.