FRIDAY, MAY 17, 1991
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PHASE I OF THIRD INDUSTRIAL ESTATE READY BY 1994
THE FIRST PHASE OF HONG KONG'S THIRD INDUSTRIAL ESTATE AT TSEUNG KWAN O, DEVELOPED TO SUPPORT THE TECHNOLOGICAL UPGRADING OF MANUFACTURING IN HONG KONG, SHOULD BE READY BY EARLY 1994, THE DIRECTOR OF INDUSTRY, MR T.H. BARMA, SAID TODAY (FRIDAY).
SPEAKING AT THE OPENING OF HONG KONG OXYGEN AND ACETYLENE COMPANY'S NEW AIR SEPARATION PLANT AT TAI PO INDUSTRIAL ESTATE, MR BARMA SAID THE NEW ESTATE WOULD PROVIDE 70 HECTARES OF FORMED INDUSTRIAL SITES.
"THE FIRST PHASE OF THE ESTATE, SOME COMPLETED BY EARLY 1994, WITH THE REMAINDER SAID.
COMPLETED BY
25 HECTARES, SHOULD BE 1995, HE
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OXYGEN'S
MR BARMA SAID THE SUCCESSFUL EXPANSION OF HONG KONG MANUFACTURING OPERATIONS MIRRORED THAT OF THE INDUSTRIAL ESTATES THEMSELVES.
HE SAID THE HONG KONG INDUSTRIAL ESTATES CORPORATION WAS ESTABLISHED IN THE MID-1970'S TO PROVIDE LAND FOR MANUFACTURING PROCESSES, LIKE THOSE OF HONG KONG OXYGEN, WHICH COULD NOT BE ACCOMMODATED IN HONG KONG'S MORE TRADITIONAL HIGH RISE FACTORY ENVIRONMENT, BUT YET PROVIDED VITALLY NEEDED SUPPORT
THE TERRITORY'S EXPORT GENERATING INDUSTRIES.
FOR
WHEN HONG KONG OXYGEN TOOK UP ITS FIRST SITE AT TAI PO INDUSTRIAL ESTATE IN 1984, THE ESTATE CONSISTED OF ONLY 45 HECTARES OF FORMED LAND.
"TODAY, TAI PO INDUSTRIAL
ESTATE OCCUPIES AN AREA OF 69.5 HECTARES, OF WHICH 66.5 HECTARES, OR 95 PER CENT, HAS BEEN LEASED.
"THE SMALL AREA OF THE ESTATE THAT IS STILL AVAILABLE HAS BEEN RESERVED FOR VERY HIGH-TECHNOLOGY INDUSTRIES OF THE TYPE WHICH ARE NEEDED TO UNDERPIN THE TRANSITION OF HONG KONG MANUFACTURING INDUSTRIES FROM LABOUR INTENSIVE TO TECHNOLOGY INTENSIVE PROCESSES, HE SAID.
MR BARMA SAID A SECOND INDUSTRIAL ESTATE OF ABOUT WAS DEVELOPED IN YUEN LONG IN 1982.
EVEN HERE, ONLY 27.9 HECTARES
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66 HECTARES
REFLECTING
REMAIN READILY AVAILABLE FOR THE INCREASING POPULARITY
INDUSTRIES WITH SPECIAL NEEDS, OF THE INDUSTRIAL ESTATES.
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AT THE CURRENT RATE OF
DEMAND, AVAILABLE LAND IN THE TWO EXISTING ESTATES WILL BE EXHAUSTED WITHIN THE NEXT THREE YEARS.
A
"IN ORDER TO CONTINUE TO SUPPORT THE TECHNOLOGICAL UPGRADING OF MANUFACTURING IN HONG KONG, TENDERS HAVE BEEN INVITED TO DEVELOP THIRD INDUSTRIAL ESTATE IN TSEUNG KWAN 0," HE SAID.
LOCATED ON A ESTATE, WILL
HONG KONG OXYGEN'S NEW AIR SEPARATION PLANT, THIRD SITE ACQUIRED BY THE COMPANY AT TAI PO INDUSTRIAL PRODUCE OXYGEN, NITROGEN AND ARGON FOR USE IN THE INDUSTRY AND MEDICAL SECTORS.
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