Recently, ORIX Qingdao Corporation set up shop in Qingdao West Coast New Area (Qingdao WCNA), and it plans to plow into the real economy and provide high-quality and professional services for local enterprises.
Founded in Japan in 1964, ORIX Group has a diversified portfolio and serves as the country's largest nonbanking financial institution and the largest integrated financial services group. In 2022, the group ranked 343rd on the Fortune Global 500 list.
The group entered the Chinese market in 2005 when ORIX China Corporation was located in Shanghai. Currently, it is the largest Japanese enterprise in the financial leasing sector, with an 8 billion yuan asset scale.
Tenaris, an Argentine enterprise that supplies high-end car tubes, set up a branch in Qingdao WCNA in 2005. Thanks to the favorable business environment in the area, the enterprise has increased investment in the expansion of its factory for eight years in a row.
In 2022, Tenaris boasted a sales volume of $11.76 billion, up 80 percent year-on-year, with the net margin reaching $2.55 billion. After this year's expansion, its factory located in Qingdao WCNA will have a total construction area of 5,600 square meters, and the capacity of production is expected to be doubled.
A Tenaris factory in Qingdao West Coast New Area. [Photo/WeChat account: qdxihaianfabu]
Email: xhatg@qd.shandong.cn 
Tel: 0532-86812345 
Address: No 181 Xihai'an Road, Huangdao district 
