Japanese-funded LED project is expected to land in Foshan next year

After the earthquake, Japanese-funded enterprises investing in high-tech projects in Foshan have an increasing trend. Among them, the Japanese LED industry has nearly 30% of the global patents. Foshan will attract LED investment to target Japan. The reporter learned from the Foshan Foreign Trade and Economic Cooperation Bureau that Foshan can introduce LED projects in Japan in the next two years.

Foshan: Two rounds of group visits to Japan to attract investment

One week before the earthquake in Japan, the inspection team of the Foreign Trade and Economic Cooperation Bureau of Foshan visited Japan and participated in the LED Lighting Fair in Japan. It focused on visiting Japanese LED industry companies.

On July 26th, Tokyo held the economic and trade cooperation and exchange meeting between the Pearl River Delta Region of Guangdong Province and Japan. The Foshan delegation visited enterprises in advantageous industries such as LED, auto parts, and electrical appliances again.

According to the relevant person in charge of the Investment Promotion Center of the Foshan Foreign Trade and Economic Cooperation Bureau, there are few land indicators in Foshan and it is difficult to carry large projects. The SMEs with high-tech content will be given priority in attracting foreign investment. “LED is the key, Japan’s chips, and wafers. Enterprises have more patents, Foshan has an absolute advantage in the field of packaging, the introduction of Japan's LED high-quality enterprises, the complementary industry chain to the high-end development. It is reported that Japan's LED-related patents accounted for 27.9% of the world, China accounted for only 9.34%. The person in charge said that Japan is the most important area for Foshan LED investment attraction. After several negotiations, it has reached a certain willingness to cooperate, or has corresponding results in the next two years.

Japanese companies: frequent exploration of Foshan after the earthquake

As one of the scientific and technological exchange platforms for connecting Japan to China, Mr. Liu Baowen, general manager of Foshan Taotailang Exhibition Co., Ltd. disclosed that after the earthquake, there were three or four batches of Japanese companies visiting Foshan to inspect the investment situation. “Next, there will be a group with higher technology. The Japanese-funded companies will come to visit and focus on auto parts, and there will also be LED lighting companies."

After the inspection, Foshan began to reap investment projects. On Thursday, after the signing and signing of Japan Rising Industry Co., Ltd. auto parts project, three Japanese-funded companies, namely Ogawa Industrial Co., Ltd., Iida (Foshan) Rubber & Plastics Co., Ltd., and Matsumoto Manufacturing Co., Ltd., signed in May. At the end of last year, the South China Sea Japan Small and Medium Enterprise Park has welcomed four Japanese companies. Xie Xiaohui, general manager assistant of Nanhai Eco-industrial Demonstration Park Co., Ltd., responsible for the development and construction of the project, said that it has not been able to remember how many batches of Japanese guests had been received in the past half year. There are many companies to talk about investment intentions if the industrial park is not built yet.

analysis

Increased number of high-tech investment projects after the earthquake

Japanese large-scale investment in Foshan began in 2004, Toyota engine project started in Nansha, Guangzhou, attracted a large number of related auto parts companies gathered in Shunde, followed by the South China Sea also formed a cluster of Japanese auto parts companies.

The relevant person in charge of the Investment Promotion Center of the Foshan Foreign Trade and Economic Cooperation Bureau stated that in the past, the Japanese capital only chose to transfer the manufacturing process with low profits and simple processes. After this earthquake, there will be a breakthrough, and Japan will strengthen the consolidation of the industrial chain for overseas investment and accelerate the transfer of sophisticated technology to China. Foshan is in the process of upgrading traditional industries and cultivating emerging industries, and it can develop in cooperation with Japanese companies.

According to Liu Baowen of Momotaro, after the earthquake, Japanese companies are more eager to invest abroad. However, many companies are small in size and must look for the safest and most effective investment methods before they dare to come out.

The Nanhai Japan Small and Medium Enterprise Park located in Danzao, Shishan District prepares factories for companies and shares some of the investment risks, which is an advantage of attracting Japanese-owned SMEs. Xie Xiaohui said: “The Japanese-funded enterprises investing in China today are mostly SMEs. They want to choose a risk-free investment method. We first build a suitable nest, so if it is not built, it will lead to four Japanese-funded enterprises.”