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News

FRIDA moved to Guangming high-tech zone according to benefits and costs

Author: FRIDA | Classification: News | Released Date: 2013-03-03
With rise to be the highest of the minimum wage in China, Shenzhen is considered to be one of production bases with the highest cost in mainland. In 1995, Shenzhen has begun to focus on cultivating and introducing high-tech enterprises, but the production-oriented enterprises such as FRIDA is getting attention lower and lower. The Bao’an district of Shenzhen used to be full of labor-intensive industries but now it has become a business area. Consequently it becomes more and more difficult to recruit workers. Despite the new minimum wage standard in Shenzhen has begun to be implemented from April, but after the Chinese Spring Festival, many enterprise's salary is higher than the standard by hundred Yuan except some large labor-intensive enterprises in Bao’an and Longgang District. The basic salary is about 1400-1600 Yuan/month, and no one will do the job if it’s lower than 1800 Yuan/month in Service-type business.
Given the tough market environment, some electronics manufacturers moved to Qingyuan city, Guangdong province, some moved to Jiangxi, Hunan and Guangxi province, some even moved to neighboring countries such as Vietnam and Cambodia in which the labor force is relatively cheaper. But not all companies are able to take a "Dunkirk retreat". FRIDA leadership makes important decision to move the headquarters to Ke’nuo Industrial Zone, Shenzhen Guangming high-tech zone according to benefits and costs. We want to expand our production capacity. And the improved environmental protection standard is also one of the reasons.
But as China's largest commercial distribution base, Shenzhen has different advantages of expanding market share. So we still treat Shenzhen as our marketing center to fully carry out marketing strategy.
Address: 11F, Ke’nuo Industrial Zone, Tongguan Road, Guangming New District, Shenzhen, China
Tel: 86-755-33563743
Mobile: Mr. Zhang—86 15915364514
Mr. Chang—86 13751145407
Fax: 86-755-29351371
Email: Sales1@fridalcd.com