Next month Nigeria-based Hashan Industrial Park soon puts into use, and the Pengsheng Industrial Parks located in Uzbekistan will also be put into production, both are funded by private footwear enterprises in Wenzhou city. The operation of both industrial parks has marked the new beginning of overseas market expansion for footwear.
After one year’s construction the Hashan Industrial Park completes the first phase of project that includes four factory buildings, the total investment for the park is expected to reach US$80 million but the whole project will take four year to complete. Hashan will move their footwear production to the new park next month.
The other news said the first Chinese industrial park in Uzbekistan will complete the first phase of construction next month, US$30 million will be invested on the industrial park by five Wenzhou shoemaking companies, the first phase of projects is estimated to produce 600,000 pieces of cow leather, 300,000 pairs of leather shoes and 4 million square meters of porcelain tile.
According to Wenzhou Foreign Trade department, an industrial park in america funded by Chinese private enterprises has restored its construction that suspended during the financial crises, five companies in Shanghai and Guangdong province and three in Wenzhou city have registered to remove into the industrial park. Further more 10 enterprises plan to relocate production in the Vietnam-based Longjiang Industrial Park, which is built by Wenzhou enterprise.
The foreign trade department said these overseas industrial parks will play a vital role on Wenzhou economic growth and expansion of overseas market.
