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SIP Logistics Chain Links Up 400 Enterprises

At the first anniversary of SIP Customs Bonded Logistics Center on Oct. 13, representatives of General Administration of Customs, Ministry of Finance, National Bureau of Taxation, and National Bureau of Foreign Exchange Control came to the center to evaluate and witness the progress of its operation. Wang Jinhua, Deputy Secretary of CPC Suzhou Municipal Committee and Secretary of SIP Party Working Committee, attended the activities that day.

SIP Customs Bonded Logistics Center was formally established on May 11, 2004, and started trial operation on Oct. 12 in the same year. During the year of its operation, 16 logistic enterprises have entered the center, including the American-owned UPS and BAX, Japanese Kintetsu, and the domestic logistic giant Tatian. A total of over 400 manufacturing enterprises from 18 provinces and municipalities under central administration have chosen to complete their logistics operation at the center. The 70, 000 square meters of warehouse of the first phase has all been leased with daily-increasing utility rate. During the year, the center has handled 35,000 bills of customs clearance, 170,000 tons of freight, and the goods under customs control amounted to the value of 5.1 billion US dollars.

A new type of operation platform with "zero inventory and high flexibility", the center plays the multi-functions of bonded warehousing, preliminary processing, value-added service, international logistics service, and international transit trade, etc. plus the implementation of tax rebate policy. The center has effectively provided the SIP and surrounding regions, and the whole of the Yangtze delta, and the whole country with more convenient and fast logistic service, which is indispensable for reducing logistics cost, optimizing industrial supply chains, economizing production cost and logistic durations for enterprises. Currently, major customers of the center include BenQ, Acer, Solectron Technology, and AU Optronics, etc. With the participation of upstream and downstream enterprises in the supply chain, the center is fast becoming the largest distribution base of liquid crystal screen in China.

The center is showing a clear motive force in promoting the local manufacturing and service industries, and its next development goals are to promote the third-party logistics, to form international procurement sub-sales centers, and to spur on the transformation of processing industries.

Oct. 15, 2005

   
 
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