Impressive growth continues at dynamic Gaolan Port

Forty major projects, either by commitment, groundbreaking, or production start, have been initiated at the Gaolan Port Economic Zone. Total new investment exceeds 26.7 billion yuan ($3.8 billion), it was declared at a ceremony on Nov 28.

Eight projects worth 6.7 billion yuan ($965 million) were contracted to develop new materials, electronic and information equipment manufacturing, finance, clean energy, and civil engineering. Among three deals valued at more than 1 billion yuan ($144 million) is a 1.4-billion-yuan ($201.6-million) high-end bio-industry park led by Guangzhou's leading cosmetics company, Houdy.

Phase II of polyester project led by CR Chemical Innovative Materials

In the meantime, Shenzhen Edadoc Technology, a renowned printed circuit board (PCB) technology supplier, invested 1.1 billion yuan ($158.4 million) in high-speed PCB design and R&D. In addition, Zhuhai China Resources Packaging Materials agreed to begin the third phase of its polyester project in Gaolan.

Meanwhile, French SUEZ Water Technologies & Solutions will provide industrial sewage treatment. And, a subsidiary of CNOOC Gas & Power eyed the potential of the headquarters economy while China Export & Credit Insurance Corp was eager to partner with the Gaolan Port Economic Zone.

Construction has commenced on 16 projects with a total investment of 11 billion yuan ($1.6 billion) and combined output value of 30 billion yuan ($4.3 billion). Zhuhai Suntak Electronics, a subsidiary of Shenzhen-based Suntak Technology, committed over 4 billion yuan ($576 million) to two electronic technology parks. Construction of the first 26-hectare (64.2-acre) park began in October and will be completed by the end of 2019.

Gaolan Port container terminal

Furthermore, 16 production lines with investment totaling 9 billion yuan ($1.3-billion) and estimated output of 15 billion yuan ($2.16 billion) became operational. For instance, Zhuhai Cellulose Fibers relocated to Gaolan to begin trial manufacturing in May on 28 hectares (69 acres). The 1.67-billion-yuan ($240.5-million) expansion has doubled its production capacity.

In 2018 alone, 24 new industrial projects, excluding 10 concerning the headquarters economy, were signed, with total investment of 20 billion yuan ($2.88 billion). They are to generate 40 billion yuan ($5.76 billion) in total output value.