Shanghai Eltete Packaging Technology, a subsidiary of Eltete, the Finland-based supplier of transport packaging material, is building a plant in Chongqing. Phase one will be completed in spring 2013 and phase two should be ready in 2015. It will be the company’s first production facility in western China.

Potential customers include the many electronics and high-tech manufacturers that have established operations in the municipality.

According to a recent government conference, Chongqing’s economy is expected to grow by 15.5 per cent this year.