72
Tenancies in industrial estates
Following is a question by Dr the Hon Huang Chen-ya and a written reply by the Secretary for Trade and Industry, Mr Chau Tak-hay, in the Legislative Council today (Wednesday):
Question:
Will the Government inform this Council:
(a) of the nature of business of the companies which have moved out of the industrial estates in the past three years, together with their reasons for moving out; and
(b) how many companies have made enquiries about moving into the industrial estates in the past three years; what are the differences in the nature of business between those which eventually moved in and those which did not, and what are the reasons for the latter group not moving in?
Answer:
The five companies which have vacated their premises in the industrial estates in the past three years were involved in the production of metal products, chemicals and gases, electronics parts and video tapes. They ceased operation because their business was no longer profitable due to changing market conditions.
During the same period, 32 companies seriously inquired or applied for tenancies in the industrial estates. Of these, 24 companies succeeded in their applications and were granted land in the industrial estates. They were involved in a wide variety of products, including building materials, printing and publishing, plastics, pharmaceutical products, food and beverages, and paper products. On the other hand, of the remaining eight companies, two decided not to proceed with application for undisclosed reasons; two applications were rejected for failing selection criteria; and four were approved but did not subsequently materialise for failing to secure financing for their projects. They were involved in building materials, chemicals, paper products, clothing, electroplating, and office consumer products.
End/Wednesday, November 8, 1995