SIP High-end Manufacturing and International Trade Zone (SIP-HMITZ) is enhancing efforts to push on the APP Science & Technology Park (APPSTP) project, a biomedicine and new-generation information technology cluster to be formed in the area based on a MOU and a property buy-back agreement signed in January between SIP Administrative Committee and Asia Pulp & Paper (APP), the pulp and paper arm of Indonesian conglomerate Sinar Mas.
APPSTP which will be built by renovating the 5,800-mu (387-hectare) APP plant in Shengpu Sub-district is expected to become a new landmark in SIP and a driver for industrial upgrading and transformation in SIP-HMITZ.
Therefore, SIP-HMITZ authorities are giving the project full support. So far, mapping and surveying, change of land ownership and underground water testing concerning an about-1,840-mu (123-hectare) land plot have finished, while related asset transaction is underway and a project to dismantle part of existing buildings and facilities will be launched soon.
July 31, 2019