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SCED visits Yuen Long Industrial Estate

The Secretary for Commerce and Economic Development, Mr Gregory So, today (February 20) visited two tenants in the Yuen Long Industrial Estate to see for himself the latest operations of the Industrial Estate and its plan of expansion.

Mr So was first briefed by the Chief Executive Officer of the Hong Kong Science and Technology Parks Corporation (HKSTPC), Mr E Anthony Tan, on the latest developments of the three industrial estates managed by the corporation, and the operation of technology enterprises stationed there. He learnt that the three industrial estates in Tai Po, Yuen Long and Tseung Kwan O assigned about 8 hectares of land last year to new enterprises mainly engaged in high-technology business such as advanced food processing, high-tier data centres and pharmaceutical manufacturing.

Mr So then visited two tenants of the Yuen Long Industrial Estate, namely Bright Future Pharmaceutical Laboratory and Leeman Hydraulic Technology Company Limited. He exchanged views with the companies' representatives on the Government's initiatives in supporting the innovation and technology industry. Covering about 4.3 hectares in size after several rounds of operation expansion, Bright Future Pharmaceutical Laboratory has run production facilities in compliance with Good Manufacturing Practices since 1996. Leeman Hydraulic Technology Company Limited joined the Industrial Estate in 2008. Occupying a site of about 3.5 hectares, it is engaged in the production of electrical transmission and transformation equipment.

Mr So was pleased to hear that the two companies' business had benefited since moving into the Industrial Estate. In developing their business, the companies have leveraged the competitive advantages of Hong Kong, such as its location at the heart of Asia, access to the huge Mainland market, international intellectual property protection regime, good brand name and abundant supply of talent.

"Provision of industrial estate land is part of the Government's strategy in promoting the development of the innovation and technology industry. This strategy has proven to work with the two companies choosing to operate here. We will continue to enhance the research infrastructure and financial support as well as the collaboration with the industry, academia and research institutes to give Hong Kong's edge in this area full play," he said.

Mr So also noted that the Financial Secretary announced in his 2012-13 Budget the invitation to the HKSTPC to explore the feasibility of expanding the Yuen Long Industrial Estate by about 16 hectares. The Government would also continue to identify sites for the sustainable development of Hong Kong Science Park and industrial estates.

Monday, February 20, 2012