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Wuqing Development Area: Inheriting an Open Gene to Create a "Strong Magnetic Field" Attracting Foreign Investment!
As spring gives way to the early days of summer,
On the vibrant and innovative soil of Wuqing Development Area,
Foreign-invested enterprises are continuously increasing their investments and competing to establish a presence,
Injecting a powerful impetus into the high-quality development of the regional economy.
Founded in 1951, Germany's WAGO Group is a multinational corporation specializing in the production of electrical connectors and industrial electronic modules featuring innovative spring-clamp connection technology, with research, development, and production facilities spanning the globe. As a long-standing "friend" of Wuqing Development Area, WAGO's subsidiary, Wago Electronics (Tianjin) Co., Ltd. (hereinafter referred to as "Wago"), has been rooted in the park for 28 years. Its products are widely applied in fields such as railways, buildings, and ships, with a business presence in Europe, North America, Latin America, and Asia. Over 50% of its sales are in the domestic market, and in 2024, its total industrial output value reached 611 million yuan.
Over the past 28 years, Wago has continually increased its investments in Wuqing Development Area, expanding its production scale while also elevating its level of intelligence. Early this year, Wago once again increased its investment, selecting the core area of the Wuqing Beijing-Tianjin Industrial New City to establish the Wago China Innovation Center, which will serve as an important base for driving technological innovation and deepening local innovation. "This is the only R&D and innovation center outside of our German headquarters within the group's global network, holding a core strategic position and global influence. It will become the core engine of the company's technological innovation, propelling the entire industry to new heights. The center is scheduled to be operational in October this year. We will adhere to the development philosophy of 'in China, for China,' accelerating the construction of Wago China's R&D system, using technological innovation to open the 'door' to new quality productive forces, and leveraging digital transformation to optimize and upgrade the value chain, thereby empowering the construction and high-quality development of the Wuqing Beijing-Tianjin Industrial New City," a relevant person in charge of Wago stated.
Following its initial investment to establish a factory and its Chinese headquarters project, the hidden champion enterprise Finland's Glaston Group has once again deepened its cooperation with Wuqing Development Area by establishing a high-tech production line and R&D center for automotive glass processing. Glaston Group is a global leading supplier of glass processing equipment, boasting decades of R&D experience, advanced technological equipment, and an extensive service network. In 2001, Glaston invested in Wuqing Development Area to establish Glaston Machinery (Tianjin) Co., Ltd., whose main business is the development, production, and sales of safety glass processing equipment, as well as related equipment and technical consulting services. After years of development, the company has achieved a strategic integration of R&D, production, sales, services, and supply chain, with customers spanning Europe, South America, Central America, the Middle East, and Africa.
"Wuqing possesses unique development advantages and an industrial foundation in the Beijing-Tianjin-Hebei region, making it a hotspot for enterprise investment and business development. Glaston has been connected with Wuqing Development Area for 24 years, and we are mutually trusting partners. While establishing this high-tech production line and R&D center for automotive glass processing, we will also transfer the operation of automotive safety glass processing technology from Switzerland to China, contributing our corporate strength in talent attraction and industrial cluster development. Currently, the R&D center and newly added production spaces have completed renovation and are operational," the head of Glaston Machinery (Tianjin) Co., Ltd. stated.
Man Wah Holdings, born in Hong Kong in 1992, is a leading enterprise in China's furniture industry, listed on both the Singapore and Hong Kong stock exchanges. Man Wah Holdings has always focused on the fields of sofas, mattresses, and smart home products, independently developing over 300 products that have obtained patents and certifications. It has more than 2,400 exclusive stores in Greater China and over 3,000 sales terminals globally, with products selling well in nearly 100 countries and regions, including the United States, the United Kingdom, Canada, and China. "CHEERS" is the most influential home furnishings brand under Man Wah Holdings, ranking on the "Asia's Top 500 Brands" list. It is the only listed furniture company brand from China on the list, maintaining a stable global market share in the functional sofa sector, ranking among the top three.
In 2011, Man Wah Holdings invested in Wuqing Development Area to establish Man Wah Furniture (China) Co., Ltd., embarking on a journey of industrial upgrading from overseas OEM to mastering the core manufacturing processes of functional sofas. Over the past 14 years, Man Wah Furniture has continuously increased its R&D investment, enhancing its independent innovation capabilities. It has successively achieved self-production of core components such as functional iron frames, sponges, and motors, while also applying intelligent technologies to the manufacturing sector, creating an independently controllable, safe, and reliable industrial and supply chain. This has strengthened the company's cost control capabilities and significantly improved its competitiveness. In 2024, its total industrial output value reached 1.153 billion yuan.
This year, Man Wah Furniture has unveiled new development plans in Wuqing Development Area. "During our development process, we have truly experienced the park's high-quality business environment, seen broad cooperation prospects, and envisioned a future of mutual benefits. This has further strengthened our determination to deeply cultivate in Wuqing. This year, Man Wah Furniture has completed an additional capital injection of 300 million yuan, established a new e-commerce segment by founding Tianjin Wuqing District Man Wah E-commerce Co., Ltd., further expanding both domestic and international markets. Simultaneously, we will also construct a 'full-house customized smart factory' to drive the high-quality development of manufacturing across the district," a relevant person in charge of Man Wah Furniture introduced.
New blossoms bloom in summer. As a national-level economic and technological Development Area, a national-level high-tech industrial park, and a Tianjin National Independent Innovation Demonstration Area, Wuqing Development Area has always deeply integrated into the tide of foreign investment economic development with an open gene, advancing project construction with a spirit of practicality and responsibility, and nurturing a fertile business environment with innovative and excellent services, attracting one foreign enterprise after another to reinvest.
The head of the Foreign Investment Promotion Department of Wuqing Development Area stated, "Since its establishment, 385 foreign-invested enterprises have taken root here, with 45 investment projects from Fortune Global 500 companies thriving. The actual foreign investment amount has reached 6.413 billion yuan. This year marks the 50th anniversary of the establishment of diplomatic relations between China and Europe. Wuqing Development Area will continue to uphold the concepts of openness, inclusiveness, and mutually beneficial cooperation, adhering to a dual focus on investment attraction and business environment optimization. We will promote open cooperation from multiple perspectives and in all directions, continuously expanding our 'circle of friends,' introducing international industrial innovation resources and elements, and injecting strong vitality into high-quality economic development."
Source：China Tianjin Wuqing Development Area
Release Time：2025-05-13 18:05:00
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