News

October 16, 2018

Sales volume of FTZ intelligent manufacturing and service industry jumps 37 percent

The intelligent manufacturing and service industry in the Shanghai Free Trade Zone reported a total sales volume of 62 billion yuan (US$ 8.956 billion) last year, up 37 percent from the previous year; and paid 2.7 billion yuan in tax, up 38 percent year-on-year, according to data released recently by the Shanghai FTZ administration.

The import and export volume in Waigaoqiao International Manufacturing Industrial Park reached 27.5 billion yuan, accounting for 65 percent of Shanghai’s total and 29.7 percent of the country’s total import and export volume. The park has been transformed into an important and high-end manufacturing industrial platform.

GOM, a German company that produces automated 3D coordinate measuring technology, uses its ultra-precise 3D scanning technologies to serve the automobile and aerospace consumable industry.

Since the company moved into the FTZ and took advantage of the zone’s preferential policies, the company can ship its equipment and parts to other Asian countries and regions without any delay, which has reduced the company’s cost significantly, said Hu Shanshan, market manager of GOM (Shanghai).

The Waigaoqiao International Manufacturing Industrial Park has attracted more than 140 globally-renowned high-end manufacturing companies from a dozen countries and regions, forming the world’s densest machine tool companies’ aggregation place.

Four out of the most famous five kitchen knife producers Sandvik, Iscar, Seco, and Kennametal as well as the world’s five most renowned industrial robot companies, ABB, Yaskawa Electric Co, Kuka, Fanuc Corporation, and Nachi-Fujikoshi Corporation have set up their headquarters in the zone.

Also, professional service institutions have also settled in the zone, such as the Association for Manufacturing Technology, Swiss Center Shanghai, and VDMA.

The park has been authorized to be the only perennial display platform of intelligent manufacturing for the China International Import Expo, and it has assigned 11,000 square meters to its customers as the exhibition area.

In addition, the park has also innovated public warehouse and distribution service information system, which will allow the companies operating in the park to declare only once for their multiple shipment of goods, and it shortened their distribution time from three to five days to just four hours.

The park has innovated imported machine tools’ on-site inspection mechanism upon their arrival in the park and the third party’s inspection reports were also adopted.

“We used to have great difficulties in entry-exit inspection for our customers all around the country. Now the inspection for our products can be done in the park, which has greatly simplified the delivery process for our products, and we can deliver them to our customers a lot faster,” said one official with Micromatic Machine Tools (Shanghai) Co.