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Tuesday, July 4, 2023
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An overview of key foreign-funded enterprises in Ningxia
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  • In recent years, the Ningxia Hui autonomous region has been continuously advancing the construction of foreign-funded projects and optimizing its investment environment for foreign investors, resulting in a sharp increase of foreign-funded enterprises.


    Hyosung Spandex (Ningxia) Co., Ltd. [Photo provided by the Management Committee of Ningdong Energy Chemical Industry Base]

    Hyosung Spandex (Ningxia) Co., Ltd, a world-renowned spandex manufacturer, was established  by South Korea's Hyosung TNC Corp in January 2021. The company primarily engages in manufacturing synthetic fibers and chemical products. According to the company, it is designed to produce 360,000 tons of spandex and 300,000 tons of PTMG annually, making Ningdong Energy Chemical Industry Base the largest spandex production base at home and abroad.


    Simplot (China) Food Co., Ltd.

    Simplot (China) Food Co., Ltd., which settled in Yinchuan Helan Industrial Park, Ningxia, in 2016, serves as the sole production and processing center as well as the strategic management center for J. R. Simplot Co in China. The company specializes in frozen French fries and frozen potato cakes, mainly supplying renowned international fast-food chain enterprises, large supermarkets, and Western restaurants, etc. Its sales volume and comprehensive processing capacity rank among the top in the domestic industry. With over 30 years of dedicated operation in the Chinese market, the company has made continuous efforts to lead and drive the potato planting and processing industry in China, achieving corresponding accomplishments.


    Schaeffler (Ningxia) Co., Ltd. [Photo/]

    Schaeffler (Ningxia) Co., Ltd. was established in 2001 as a German-funded enterprise. The company is primarily engaged in the research and development, production, and sales of precision bearings, industrial metric railway bearings and imperial railway axle box bearings. It has become an important supplier and partner in the Chinese automotive and industrial sectors, serving numerous mainstream automobile brands and world-renowned manufacturers of rail transportation equipment.


    Amazon Web Services [Photo/Ningxia Daily]

    Amazon Web Services is a pioneering and leading brand in global cloud computing. Amazon Ningxia Technology Services (Ningxia) Co., Ltd. is a wholly owned subsidiary of Amazon Web Services. From 2017 to 2022, Amazon Ningxia ranked first in actual foreign investment in the region, serving as a model for foreign investment in western China. In 2022, the cloud computing-related business revenue of the Amazon Web Services Zhongwei cooperation project accounted for approximately 30 percent of the total software business revenue in the region, making it a leading enterprise in the cloud computing industry in Ningxia.


    Möet Hennessy Chandon (Ningxia) Winery Co., Ltd.

    Moët Hennessy Chandon (Ningxia) Winery Co., Ltd. was established in 2011, with a 1,000-mu grape planting base. The overseas investor is the French company Louis Vuitton Moët Hennessy. The main business activities include grape cultivation and wine production, with a focus on sparkling wines. It has the expertise in producing excellent sparkling wines and is confident in creating high-quality sparkling wines that can rival those from other regions in the world.


    Elkem Carbon China Co., Ltd.

    Elkem Carbon China Co., Ltd, was established in 2000 with a total investment of $20 million. The overseas investor is Elkem from Norway. Leveraging its own technology, market advantages, and the convenient resource elements in Ningxia, the company has achieved rapid development in the research and production of products such as electrode paste and cold ramming paste. This has propelled the enhancement of the quality and level of the coal deep processing industry in Ningxia, making a positive contribution to promoting the adjustment and upgrading of the industrial structure.


    Netafim (Yinchuan) Agricultural Technology Co., Ltd.

    Netafim (Yinchuan) Agricultural Technology Co., Ltd. was established in 2015 and is located in the Yinchuan Economic Development Zone. It was established with a total investment of $3.4 million by the overseas investor Netafim of Israel. The main business is the production of irrigation and drainage equipment, with a focus on agricultural drip tapes. The company provides strong support in efficient water-saving irrigation, water and fertilizer integration, agricultural automation, soil improvement and other areas.

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