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Six State-owned enterprises settle in ITL Park

Updated: 2019-05-13

With a total investment of over 42 billion yuan ($6.13 billion), six State-owned enterprises plan to settle their headquarters in Xi'an International Trade and Logistics (ITL) Park.

The news was released on May 12 at the Xi'an Investment Environment Promotion Conference and Key Projects Signing Ceremony of the Fourth Silk Road International Exposition, which is being held in Xi'an until May 15.


A publicity photo of ITL Park. [Photo/itl.gov.cn]

The six central enterprises include China Merchants Group (CMG), China Resources (Holdings) Co (CR), China Railway Group (CREC), China Metallurgical Group (MCC), Power Construction Corporation of China (POWERCHINA), and China National Cereals and Oils Foodstuffs Corporation (COFCO).

Zeng Chaobin, deputy general manager of Sinohydro Bureau 3 Co, a subsidiary of POWERCHINA, praised ITL Park's reasonable planning, convenient transportation, sound management system, and favorable business environment.

"COFCO will cooperate with ITL Park on the grain import trade and transportation business, striving to explore new channels for grain and oil transportation and business in Shaanxi and even northwest China," said a principal of COFCO.

Sun Yimin, director of the management committee of ITL Park, noted that the six central enterprises that have settled in Xi'an Port are leading enterprises in their various fields. Headquarters projects involve port construction, industry introduction, trade development, financial innovation, and urban operations.

ITL Park will take this opportunity to introduce leading industries and cutting-edge technology, as well as attract outstanding talents, contributing to the development of the export-oriented economy and regional economy in Xi'an.