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Prologis in SIP Warmly Sought After

A ceremony was held on Sept. 20 to mark the commencement of construction for Adidas National Delivery Center in Suzhou Prologis, SIP. Suzhou Prologis has completed its phase-3 facilities of logistic delivery and put them into operation for over 20 well-known third-party companies and multinational manufacturers. On the basis of the successful development of 80,000 square meters' warehousing facilities this year, SIP Logistic Center is to develop another 10,000 square meters related facilities before the end of this year.

On Sept 21, Wang Rong, Member of Standing Committee of CPC Jiangsu Provincial Committee and Secretary of Suzhou Municipal Party Committee, met K. Dane Brooksher, Board Chairman of Prologis, and Jeffrey H. Schwartz, CEO of Prologis, and their entourage, with the presence of Wang Jinhua, Deputy Secretary of Municipal Party Committee. Wang Rong said that Prologis had maintained smooth operation since its entry into SIP, and exerted powerful spur on the local economic development of Suzhou. He hoped that there would be enhanced exchanges and cooperation between the two parties, and believed that Prologis would continue to invigorate the local economy in its future development.

Chairman K. Dane Brooksher told the hosts that on his current visit he was showing all the directors of the global board what had been achieved in their investment in Suzhou, and that ever since the entry of Prologis, they had strongly felt the attraction and charm of the city as well as the satisfactory investment climate here.

Suzhou Prologis is a joint venture founded by the American Prologis, a leader of world's warehousing and logistic service supplier, and Suzhou Logistic Center, with a total investment of US$ 300 million to develop a planned area of 3 sq. km. It has so far  completed 230,000 sq.m. logistic service area. Its high-quality multi-purpose warehousing facilities and efficient customs clearance service have attracted a large number of customers like L'oreal, Adidas, UPS, Nokia, Samsung Electronics, the Japanese Kintetsu World Express, the German Fiege Goth, the Excel, etc. The 60,000 sq.m. of Adida National Delivery Cenrter under construction will upon completion provide logistic service not only to the Suzhou plant, but its market all over China.

Sept. 21, 2005

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