Tianjin Binhai New Area's sound regional supporting facilities and superior 
investment service environment have attracted a large number of foreign-funded 
enterprises to settle down and develop. PPG Coatings (Tianjin) Co., Ltd. 
settled down in Tianjin Economic-Technological Development Area (TEDA) in 1994, 
and has gradually developed into the world's largest PPG coating production 
base. 

PPG announced last year that the world's most advanced paint innovation center 
would be established in TEDA. The project is PPG's only global-level research 
and development (R&D) center outside the United States as well as the first 
foreign-funded global-level R&D center in TEDA. The innovation center is 
scheduled to be completed and put into operation in 2021 and will serve all PPG 
divisions as well as customers in China, Asia and the rest of the world.

Yan Caiming, general manager of PPG Asia Pacific, was one of the first batch of 
local employees. "Local regulators always put investors first," she said. "They 
offer one-stop services and spare us from going around. Their dedication to 
serving foreign investors has helped us grow here." 

Established in 2015, CSCC is a state-owned mixed-ownership enterprise that 
offers supply chain financing services. It settled in TEDA in 2015 and 
established a modern "financial workshop."

Liu Changbo, senior vice president of the company, said Binhai New Area has 
been a pioneer in reform and innovation, as a string of favorable policies to 
serve enterprises and promote the economy have been introduced in recent years. 
"We will leverage the new area's resources to serve the country and create a 
benign industrial and financial ecosystem for enterprises via scientific and 
technological innovation," he said.

Source: Media Convergence Center with Tianjin Binhai New Area