Russian-built bonded warehouse promotes export of heavy machinery in China

Russia’s Chelyabinsk region will establish a China’s heavy-duty machinery bonded warehouse, and the equipment exported to Russia at that time will not need to be cleared immediately, but can be parked in the bonded warehouse until it is sold for customs clearance.

According to local media reports, on March 12, 2014, the first bonded warehouse of the Ural Federal District was officially registered in Komatsu District, Chelyabinsk Oblast, and the investor was the “Russian International Technology” group company. The Bonded Warehouse is the first step in the implementation of the "Ural Special Purpose Machinery Terminal for China" project, which is supported by the Chezhou government and is intended to be used for the import of heavy machinery from China, such as construction machinery. The “Ural China Special Purpose Machinery Terminal” project includes a display plaza, an area of ​​10,000 square meters of bonded warehouse, parking 300 heavy machinery, a technical service area, an office area of ​​1200 square meters, and necessary communication facilities.

The company plans to hold the Bonded Warehouse Opening Ceremony on April 29th. The Chezhou government and media representatives will be invited to participate. Chinese companies that have long-term cooperation with the group will also be invited, such as Dongfeng Power, Shanxi Automobile Stock Company, FAW Eastern Europe. Representatives from the company, Sany Heavy Industry, and Xuzhou Heavy Industry participated.

According to the "Russian International Technology" group company, after the establishment of the bonded warehouse, Chinese equipment does not have to be cleared immediately after importation. It can be parked in the bonded warehouse until it is sold and then goes through customs clearance procedures, which can reduce capital investment and expand sales scale. Chelyabinsk region is very important geographical location, the bonded warehouse cargo import route: from China's Xinjiang Alashankou exit into Kazakhstan, and then through Almaty, Astana and other places, in Chezhou into Russia. This channel is shorter than the distance travelled into Russia by the Far East, Europe and other places. It has great potential for development. The company hopes to further develop the follow-up facilities of the "China Urchin Regional Machinery Terminal" project on the basis of the establishment of a bonded warehouse, and build a comprehensive center for China's machinery and equipment sales that integrates import, sales, technical services, and logistics.

According to the data of the "2013 Annual Report on the Economic Operation of the Machinery Industry," the production and sales of China's machinery industry achieved steady growth last year. The annual trade surplus reached 73.6 billion U.S. dollars, a record high. According to the results of the survey conducted by Eurasia Consulting, China's machinery manufacturing not only has a great advantage in terms of price, but also has an advantage in the mid-end products and the service is constantly improving.

According to reports, the Russian government attaches great importance to the development of the machinery manufacturing industry. The goal of implementing the national policy in this field is to effectively improve the level of domestic machine tool manufacturing and tool manufacturing in terms of scientific research, production, and infrastructure so that it can pass competitive production technology. Means to ensure the development of Russia's machinery manufacturing industry, especially in strategic areas (defense industry, energy machinery manufacturing, aerospace industry, shipbuilding industry). At present, Russia's machinery manufacturing industry accounts for 12% of industrial assets, 3% of GDP, and 15.5% of industrial output.

It is understood that the Russian machinery manufacturing industry mainly includes: heavy machinery manufacturing, machine tool manufacturing, oil and gas equipment manufacturing, transportation tool manufacturing and energy equipment manufacturing. At present, the heavy machinery manufacturing industry accounts for about 1.5% of Russia's GDP. Consumers of heavy machinery products (fuel energy, mining and metallurgical complexes) contribute more than 60% to Russia's budget revenue.