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Multinationals setting into Caohejing Development Zone

(Shanghai Association of FIEs)
Updated: 2006-04-04 18:26

Latest sources show during January and February of this year, a number of multinationals including the world’s No.1 provider of optic communication infrastructure from the US, Meriton Networks and Danfoss, the French company which invented the world’s first radiator temperature controlling device, settled into Shanghai’s Caohejing High-tech Development Zone.

An existing multinational in the zone, Faurecia from France, recently signed a phase-13 leasing contract with the zone for its plant buildings. Its premise has expanded from 3 leased floors to four floors, taking up a total space of 5000 square meters. The company will further move its Asia-Pacific HQ, settlement center, purchasing center and global R&D center into the building.