Advertorial

Taicang Port continues to attract investment and global companies

chinadaily.com.cn | Updated: June 8, 2017

The port has made it a priority to attract innovative operators in logistics and trading. It has also promoted the development of a regional logistics center. For instance, it has signed an agreement with a US trading company with the promise of investing a total of $360 million to set up an Asian logistic warehouse, an e-commerce headquarter, a distribution center, a research and development center, a training center, and connected franchises.

The zone's strength and influence has seen fast growth and in 2016 five major enterprises in the port area including P&G Jiangsu Ltd, Ye Chiu Group and ABA Chemicals generated 7.85 billion yuan ($1.15 billion) in revenue and experienced a rate of more than 8 percent.

Global Top 500 company P&G believes the port area represents a frontier for its expansion into the East China household chemicals market. Its Jiangsu subsidiary has become one of the largest production and logistics center in Asia with its contribution to the local revenue rising year by year.

The port has made it a priority to attract innovative operators in logistics and trading. [Photo/WeChat account: TPETDZ]

< 1 2