Luogang attracts colossal headquarters projects

The Luogang sub-district in Guangzhou's Huangpu district has gathered a number of headquarters projects of leading enterprises, and serves as a fertile ground for headquarters, digital and hub economies, and strategic emerging industries.

Located in eastern Guangzhou, the 22.67-square-kilometer sub-district is traversed by Kaichuang, Kaitai and Xiangxue avenues, the Jinan-Guangzhou and Beijing-Hong Kong-Macao expressways and Guangzhou Metro Line 6.

It is now home to 11 LG industrial chain enterprises, which forms a 100 billion yuan ($15 billion) panel display industrial cluster. LG Display's sole plant capable of producing 8.5-generation organic light-emitting diode panels outside of South Korea is in Luogang and has reached an internationally advanced level in production capacity and turnover since it came into operation in 2014.

Cedar Holdings.

In addition, a financial headquarters economic belt is taking shape based on leading enterprises such as Baoneng and Cedar Holdings. Founded in 1997, Cedar is a bellwether in bulk commodities which ranked 296th on the 2020 Fortune 500 list. Its global headquarters is sited south of Kaichuang Avenue and west of Kaida Road.

With an investment of 3.5 billion yuan, Baoneng's Guangdong-Hong Kong-Macao Greater Bay Area headquarters project features a floor area of 330,000 square meters south of Kaichuang Avenue and east of Kaida Road. It is positioned as a headquarters base for high-end enterprises with output values of at least 2.5 billion yuan.

Moreover, the South China headquarter of Skyworth is located south of Kaichuang Avenue and west of Kaida Road. With an investment of 600 million yuan, the multimedia business operator is estimated to have an output value of 3 billion yuan.

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