Trade Visits to Shandong Province, China
and Seoul, Korea
March 1-8, 2012
By Gord Landon, Regional Councillor
Objectives and Outcomes
Presentation to:
Economic Development Committee
May 1, 2012
Background
• Date: March 1 – 8, 2012
• Cities Visited: China: Qingdao, Zibo and Yantai
Korea: Seoul
• Business Meetings: 14
• Hi-tech Industrial Parks Visited: 5
City ProfileQingdao:
- An important international trade port, naval base, industrial centre and marine transportation hub
- One of the ten largest ports in the world
- A model city for environmental protection
- A marine science and technology centre
- Area: 10,654 sq kms
- Population: over 8.7 million (2010)
- GDP: RMB¥ 566.6 billion (2010)
- GDP per capita: RMB ¥ 65,827 (2010)
- Key industries: home appliances and electronics, petrochemicals, automobiles and railway engines, shipbuilding and marine engineering, logistics
- Industrial zones: Qingdao Economic & Technological Development Area; Qingdao Free Trade Zone and Qingdao High-tech industrial Zone
City Profile
Zibo:
- A transportation hub of the Shandong province
- One of the 5 ceramic centres in China
- Abundant in natural resources, petroleum and natural gas
- Area: 5,965 sq kms
- Population: 4.5 million (2010)
- GDP: RMB¥ 231.7 billion (2008)
- GDP per capita: RMB ¥ 51,426 (2008)
- Key industries: manufacturing, construction and services
- Zibo National New & High-tech Industrial Park and other industrial parks
City Profile
Yantai:
- Second largest industrial city in Shandong province, next to Qingdao
- Has 9 different sea ports
- Tourism extremely popular, getaway destination for both domestic and international tourists
- Area: 13,739 sq kms
- Population: 6.5 million (2008)
- GDP: RMB¥ 343.4 billion (2008)
- GDP per capita: RMB ¥ 49,012 (20108)
- Key industries: tourism, agriculture and services
- Foreign investment: more than 70 world top-500 companies and multinational companies including LG, Hyundai, Toyota, Honda and Henkel etc.
10 Sectors of Opportunities Identified and Businesses Visited
1. Bio-technology, Pharmaceutical/Medical Equipments
- Qingdao Huanghai Pharmaceutical Co., Ltd.; Qingdao Bright Moon
Seaweed Group Co., Ltd.; Qingdao Better Bio-technology Co., Ltd.; “WEGO”
Holding Co., Ltd.
2. Animation
- Qingdao International Animation and Game Industrial Park; Qingdao
Guangdian Wireless Media Co., Ltd.
3. Aluminum Packaging - Zibo Denuo Aluminum Corporation
4. Tire Recycling/Production - Shandong Fuyu Bluestone Tire Co., Ltd.
5. Plastics - Dongda Polyurethane Co., Ltd.
10 Sectors of Opportunities Identified and Businesses Visited (cont’d)
6. Hi-tech - Lily Software (Shandong) Co., Ltd.
7. Electronic Device – Changzheng Education
8. Green Technology - Zibo Guoli New Energy Co., Ltd.; Yantai Power
Solarenergy Co., Ltd.; Komee LED Lights
9. Industrial and Economic Development Zones:
- Qingdao National High-Tech Industrial Development Zones
- Yantai International Economic & Technical Corporation Co., Ltd.
10. Others:
- Beddings/Embroideries - Qingdao Baoli Embroidery Co., Ltd.
- Organic Food – Korea Importers Association
10 Sectors of Opportunities Identified
1. Bio-technology, Pharmaceutical/Medical Equipments
- Qingdao Better Biotechnology Co. Ltd.
The largest marine biological and biopharmaceutical production base
in Asia.
Products: collagen, glucosamine, chondroitin sulfate, etc.
- Qingdao Bright Moon Seaweed Group Co., Ltd.
The world’s largest Alginate manufacturer, and the pioneer in
seaweed processing.
Products: seaweed based chemicals, pharmaceuticals, health foods
and fertilizers, etc.
- WEGO
The world’s largest integrated health product provider
Products: medical instruments & pharmaceuticals; 12,000
employees, RMB 6.6 Billion sales
Opportunity to develop connections with pharmaceutical companies
such as TEVA
10 Sectors of Opportunities Identified cont’d
2. Animation:
- Qingdao International Animation and Game
Industrial Park (Q-Park)
MQTV (Qingdao Guangdian Wireless Media Co.,
Ltd.
Seeking technology transfer and products
Have linked with Centennial College and
Seneca
3. Aluminum Packaging:
- Zibo Denuo Aluminum Corporation
Products: aluminum foil including household foil,
pharmacy foil, and food soft packing foil etc.
20% of the world market
Opportunity to develop business relations
with ALCAN
10 Sectors of Opportunities Identified cont’d
4. Tire Recycling/Production:
- Shandong Fuyu Bluestone Tire Co., Ltd.
selling 10 million sets of tires a year, targeting to produce 15
million sets of high performance radial tires and 25 million sets of
recycled tires in 3-5 years.
Linking with the Miller Group.
5. Plastics:
- Dongda Polyurethane Co. Ltd.
Products: Blend Polyol, Pre-polymer, paving materials,
and water-borne polyurethane.
Widely used in solar energy, heat preservation, construction,
electrical and automobile industries.
Award-winning professional supplier
Opportunity to create partnership with Royal Plastics
10 Sectors of Opportunities Identified cont’d
6. Hi-tech:
- Lily Software (Shandong) Co., Ltd. Provides IT outsourcing services
Recently registered office in Markham: “iTopSpeed
Information Services Inc."
7. Electronic Device:
- Changzheng Education
A light pen that provides instant language translation
Opportunities for Canadian ESL students/teachers
Local J. Addison School expressed interests in the product.
10 Sectors of Opportunities Identified cont’d
8. Green Technology:
- Zibo Guoli New Energy Co. Ltd.
Battery for buses
Linked with YRT and the Miller Group
9. Industrial and Economic Development Zones:
- Qingdao National High-tech Industrial Development Zone:
Bombardier currently located inside the Park
Attractive to hi-tech companies
- Yantai International Economic & Technical
Cooperation Co., Ltd.
Possible connection with York Technology Alliance
10 Sectors of Opportunities Identified cont’d
10. Other:
Beddings/Embroideries:
- Qingdao Baoli Embroidery Co., Ltd.
joint venture with USD 3,500,000 registered capital.
equipped with advanced professional embroidery machines, the
company produces table cloths, curtains and beddings etc.
Investigating to set up a subsidiary in Markham
Organic Food:
- Korea Importer Association
Exploring trade opportunities with local agricultural
communities
Summary
Potential prospects and business needs identified.
- Continue communication with Lily Software which
established office in Markham
- Economic Development to develop follow up mailing to
businesses visited.
Summary cont’d
Opportunities of co-operation and bi-lateral
trade
Identify strengths of respective cities and
provide recommendations for Markham’s 2012
China Trade Mission
- Qingdao, Zibo, Yantai
Summary cont’d
Proposed Trade Centre:
- focus on business opportunities
- include rooms for display of goods and meeting facilities
- Letter of Intent signed
- Interests from: Jason Kenney, Minister of Citizenship and
Immigration; Ed Fast, Minister of International Trade