Japanese Investment in Dalian Lingxing Auto Parts Co., Ltd


    Recently, Dalian Lingxing Auto Parts Co., Ltd. invested and built by Japan’s Mitsubishi Electric Wire Industry Co., Ltd. has started its foundation in the Dalian Export Processing Zone. This is the third project that Dalian Bonded Area introduced this year with an investment of more than 25 million U.S. dollars. Since the first half of this year, foreign investment in the Dalian Free Trade Zone has seen rapid development. The actual foreign capital used in the first six months reached US$105 million, an increase of 38.2% year-on-year.

    Fast landing, large projects, is the two salient features of the bonded area this year. According to reports, foreign investment in tens of millions of US dollars in the past generally takes one to two years or even longer periods of inspections, negotiations, and preparatory periods. Since this year, foreign investors have significantly accelerated the pace of investment in the bonded area, tens of millions of dollars in investment. The large amount of the project will only take a few months from the contact and inspection to the signing and start of the project. Judging from the scale of the project, the total investment in China Shipping Kawasaki, Yamada Building Materials, and Lingxing Automobile Project that were settled in the first half of the year were all over US$25 million. In addition, the official signing project included the investment of 600 million yuan in the Dichenmoor Logistics Park of Hong Kong’s China Merchants Investment Bureau. The project and investment of 120 million yuan in the Sinotrans logistics project, and just signed a cooperation agreement with the bonded area of ​​the COSCO shipping project, the total investment will reach 1.2 billion.

    Dalian Lingxing Auto Parts Co., Ltd., which started yesterday, has a total investment of US$28 million and covers an area of ​​78,000 square meters. It is mainly engaged in the development, design, and production of automotive wiring, optoelectronic components, oil seal components, and high-frequency wire-related products. Sales. The project will be completed and put into production by the end of this year.



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