Dutch company moves in Nansha's yacht industry
2010-January-21 Source: english.gz.gov.cn
Text Size: A A A | Print | Share by E-mail:

Nansha's yacht club project attracts foreign investment. At the launch ceremony of an 800,000-yuan yacht, the head of the foreign company pays tribute to the Dragon King in accordance with local customs.

The massive top-end yacht club project at Nansha has proved to be a magnet. A Dutch trading firm will build four yacht production lines with an investment of 10 million euros at Nansha. The materials for the production will be imported, and the yachts will cost only half of the price of a complete yacht imported from abroad.

Guangzhou Nilesk is a Dutch trading firm, which eyed China's yacht industry after the outbreak of the international financial crisis. According to Etlon C Nolte, the firm's chief technical and operating officer, when they heard about the large-scale yacht club project at Nansha, they immediately decided to build a 43,000-square-meter yacht making facility at Nansha. With an investment of 10 million euros, the facility will have four production lines and use exclusively imported materials.

The Nansha Yacht Club covers an area of 500 mu (approximately 33.33 hectares). It will be an integrated project of yachting, commerce, and luxury property development. The project has a total investment of RMB 250 million.

Mr. Nolte says that they have been attracted to Nansha to this particular project. When their facility becomes operational, they will hire more than 1,000 workers and build 80 yachts a year, which will make them the largest yacht maker in Guangzhou. A leading yacht designer will arrive in Guangzhou on January 26 for talks with the Dutch firm, which has set its sights on becoming one of China's top three yacht makers.

(Translated by Guangzhou Association of Foreign Affairs Translators)

Editor: Miranda
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Info for Non-Residents