(Hong Kong, 12 October 2023) – Professor Sun Dong, Secretary for Innovation, Technology and Industry, visited Tai Po InnoPark to explore the latest developments in Hong Kong's “new industrialisation” initiatives. His tour included visiting the manufacturing facilities of three prominent local brands: Nissin Foods, CATALO Natural Health Group (CATALO), and Vita Green Pharmaceutical Factory (Vita Green).
Professor Sun Dong, Secretary for Innovation, Technology, and Industry, said, “Today, I had the pleasure to visit several distinguished enterprises, including Nissin Foods, CATALO, and Vita Green. These businesses, established in Hong Kong for years, have given me valuable insights into the recent progress of our “new industrialisation” efforts. Each has leveraged the HKSAR Government’s “Re-industrialisation Funding Scheme (RFS)” to create smart production lines, improving their production models, efficiency, and capacity. Nissin Foods, for instance, has successfully set up a smart production line that combines robotic technology, Auto-Teach Inspection Tool, and full automation; CATALO's Smart Manufacturing Facility has successfully reduced production cycles by 50%; while Vita Green's automated manufacturing line has seen its production capacity increase by nearly tenfold in some cases. The total workforce across the three InnoParks, engaged in food, medicine, and Chinese medicine manufacturing, exceeds 11,000 individuals, and such enterprises contributed HKD 5.5 billion to Hong Kong's GDP in 2022, underlining their substantial influence on Hong Kong's economic development. The Government will continue to vigorously promote ‘new industrialisation’, providing multifaceted support and strengthening policy support. We hope that in the coming years, the production value can double to over ten billion dollars, assisting these enterprises in expanding and enhancing their operations, thereby elevating the stature of 'Made in Hong Kong' products on the global stage.”
“New industrialisation” is a crucial driving force for Hong Kong's future economic development. Hong Kong Science and Technology Parks Corporation (HKSTP) is proactively integrating innovative technology into the city's manufacturing sector, fostering a climate of innovative manufacturing throughout the region. Two years ago, three industrial estates located in Tseung Kwan O, Yuen Long, and Tai Po were repositioned into InnoParks, attracting enterprises with high value-added offerings, high-tech content, and advanced processes. This initiative was undertaken to position Hong Kong at the forefront of global technological trends and developments, fostering sustainable business growth, injecting fresh momentum into the economy through “new industrialisation”, and achieving diversified economic development.