In addition to nurturing homegrown businesses, Tiexi's advantages have attracted nearly 100 multinationals, 36 of them Fortune 500 firms including GE and BMW.
South Korea-America Rail Co Ltd, a maker of elevator equipment, will invest $25 million to start a new company in the Shenyang Economic and Technological Development Zone in Liaoning province.
China's largest building facade system provider Yuanda expects its business in the UAE next year, where it controls approximately one third of the curtain-wall market, will remain largely unchanged from 2009.
While other Chinese companies are struggling for overseas business this year, the Yuanda Group is handily winning contracts with its cutting-edge technologies.
In October 2007, Yuanda Enterprise Group won over the international industry giants to be awarded the contract for the curtain wall project of Frankfurt Airport's aviation and railway center.
Yuanda mechanical and Electrical equipment industry is one of the emerging industries of Shenyang Yuanda Group. As the leader of the equipment manufacturing enterprises in Shenyang City, the Yuanda mechanical and electrical equipment industry has developed rapidly and achieved a lot within a short period of six years.
According to the latest list of China's Top 500 Enterprises, jointly announced by the China Enterprise Confederation and the Chinese Entrepreneurs Association, Shenyang Yuanda Group is placed at 408 in Chinese Enterprise and 233 in the Chinese Manufacturing Enterprise.
Yuanda Group won the bid of the project of the Russian Federation Tower, the "highest building in Europe", which was an opportunity for Yuanda Group to be in line with the international standards for manufacturing curtain walls.
The highly developed Japanese construction industry represents the highest construction level of Asia and possibly the world. As the representative of the high-end curtain wall market in the world, Japan takes a big share in the international project contracting market.
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