TOP EXECUTIVES ATTEST TO DISTRICT'S FAVORABLE BUSINESS ENVIRONMENT
Foreign-invested enterprises flourishing in Xinwu
Xinwu district in Wuxi, Jiangsu province, is home to more than 26,000 businesses, including 1,674 foreign-funded enterprises, involving a total of $23.3 billion in paid-in overseas capital. The businesses, mainly focused on high-tech, new energy and modern service industries, are playing a vital role in the district's high-quality economic growth. Representatives from the local business community shared their views on Xinwu's business environment and tell of their companies' success stories in the district.
With more than 10 years of experience working at Jabil Circuit (Wuxi), I have fond－and proud－memories of the progress we have made in Xinwu district. Once termed as "farmland" by one of our European customers at that time, the same piece of land is today a fully-developed free trade zone equipped with leading-edge infrastructure. Today, Wuxi leads Chinese cities in terms of per capita GDP. In tandem with growth, Jabil Wuxi also boasts one of the highest per capita revenue among Jabil sites worldwide. Jabil established its Wuxi subsidiary in 2004 and during the past 16 years, the company in the city has seen three major transformations. Today, manufacturing is a suite of turnkey solutions with automation and software powered by 5G technology. At all times, we challenge ourselves to provide more value-added services to our customers. This would not be possible without the assistance of the local government and authorities that supported our efforts to review and reform for the better. The user-friendly commercial environment, plus the combination of traditional culture and modern style, are attracting more global talents to start their careers or develop their own businesses in Xinwu.
Moving to a country alone for the first time and starting a new life there can be challenging. However, my experience in China's Xinwu district was a smooth and pleasant one－thanks to its diversity and development. Xinwu district is a well-developed, beautiful area that offers both modern conveniences and a natural charm. It is a hub for international companies in the city, as well as the highland of integrated circuits and internet of things industries in China. Infineon Wuxi has impressively been a part of the district for the past 25 years and shaping the semiconductor landscape for tomorrow. The district also prioritizes quality development and supports the enterprises. Such support follows in line with Infineon's motto to prioritize quality first. With quality as its competitive advantage, Next Level of Zero Defect is a core program of Infineon's operations management. Xinwu's leadership in high-quality development was evident again with the Wuxi Mayor Quality Awards presented to local enterprises, including Infineon.
Wuxi city continuously impresses me with its international business orientation, modernization drive and ecological focus. It has attracted several foreign-funded hospitals and international schools, improving the level of services and living conditions. The transportation network is well developed ... very convenient for commuting and traveling. Digitalization is spreading to more and more aspects in life. There is no need to take cash anymore and many things can be done efficiently using a smartphone. As Atlas Copco, we settled in Xinwu district 26 years ago, starting with one small factory in 1994. Over the years, we have expanded and built three factories in total. Atlas Copco Wuxi has now also a research and development center. During our development, we have received support from the district government in areas like efficient logistics, attracting talented people and social security benefits for employers. The good business atmosphere in Wuxi encourages us to explore new levels of win-win development aligned with the local government. Also this year, we are developing new products and investing significantly in enhancing our facilities with new capabilities.
I came to Wuxi in January 2018 almost without knowledge of Xinwu district. Before I officially worked and lived here, I just had the chance to visit the district on business trips once or twice a year. After living in the district for more than two years, I find it a very livable place with generous people and wild green space. Talents are the wealth of enterprises. A healthy environment helps to cultivate talented people, which will benefit the development of enterprises. We have been committed to creating an environment in which employees can work with joy and improve themselves constantly. Xinwu district has been actively supporting the operation of the enterprises. It has issued various kinds of policies to support their development. This year marks the 15 th anniversary of our company in Xinwu. Without the help and support of the district, we cannot continue with our production, especially during the outbreak of COVID-19 this year, let alone contribute to the local society continuously.
As one of the first batch of foreign companies settled in Wuxi, Murata Electronics initiated its 25-year journey in the city's Singapore Industrial Park in 1994. The company officially started production one year later. We manufacture electronic components, mainly multilayer ceramic capacitors. The Wuxi National Hi-Tech District has been giving us great support and assistance since the very beginning. It also provides good business and education environments, as well as excellent infrastructure, to help the company attract talent and develop smoothly. So far, we have more than 10,000 employees. This year's pandemic influences our company, but we managed to go through the difficult period with the help of the Wuxi government. Due to the expansion of production and the research on new products, we needed Japanese technicians to come to Wuxi during the outbreak of the virus. The Wuxi government took immediate action, arranged chartered flights and guaranteed our production. I'd like to take the chance to express our gratitude to the government. Thanks to the development of 5G, unmanned vehicles and some other markets, our company has further expanded production after we established a second factory in Wuxi.
Founded in Wuxi, Jiangsu province, in 2005, SK hynix has become the largest foreign-funded single project in the province in terms of investment value, at the fastest development pace and with state-of-the-art technologies. It has become a successful example of South Korean high-tech companies' investment in Jiangsu and China. All these have proved that SK hynix's decision to set up a company in Wuxi's Xinwu district was wise ... the success of SK hynix in China not only relies on the company's efforts, but also on the continuous support and trust of the Wuxi government. It fully understands our culture and business philosophy, and offers great help in many areas, including land transfer and infrastructure construction. The government is nothing but the strong supporter and partner of SK hynix. In 2019, the leaders of the city and the district visited our company many times to give support when we were expanding the construction of the Wuxi factory. The project advanced much ahead of schedule with their support, especially in construction permits. Over the past 10 years, we have deeply integrated into the city. We not only pursue economic value, but also contribute to local society by holding various charity activities, including establishing schools and hospitals, to thank the people of Wuxi.
