Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
NANNING, May 9 (Xinhua) — The China-Cambodia (Nanning) rubber production base was officially opened on Thursday in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.
The new base aims to deepen industrial cooperation and strengthen cross-border trade with Southeast Asian countries.
Located in the Nanning Comprehensive Bonded Zone, the 7,500 square meter factory building houses a rubber mixing production line with an annual capacity of 24,000 tons, as well as a research and development center and a finished product warehouse. The project was realized with joint investment from Cambodia and Thailand.
Technical support and management of the facility is provided by a team of experts from Thailand.
The base is expected to achieve an annual industrial output of 1.08 billion yuan (about 149.8 million US dollars) by 2026, with annual tax revenue of at least 54 million yuan.
Nanning Vice Mayor Zhong Hong noted that it took only 79 days from planning to launch of the project, demonstrating Nanning’s determination to support investment from ASEAN countries.
According to him, the base will become a key centre for rubber processing and trade in raw materials, targeting ASEAN countries.
In the first quarter of this year, ASEAN remained China’s largest trading partner with a turnover of 1.71 trillion yuan, up 7.1 percent year on year and accounting for 16.6 percent of China’s total foreign trade. -0-