Agreements Continue Illinoisï¿½ Global Leadership; Support Governorï¿½s aggressive goal of doubling exports by 2014
BEIJING, CHINA ï¿½ September 19, 2011. Governor Pat Quinn visited Beijing today during his business and economic trade mission in China, where he announced two business agreements that further strengthen the relationship between Illinois and China. The agreements involving Illinois-based ADM and Xinjiang Goldwind Science and Technology Co., LTD (Goldwind) advance Governor Quinnï¿½s aggressive goal of doubling Illinois exports by 2014.
ï¿½Illinois is a top competitor in the global economy, and our aggressive plans to double exports and develop innovative new partnerships in emerging technology fields are continuing our growth on the global stage,ï¿½ Governor Quinn said. ï¿½Our state has the resources, human capital, and innovative drive to expand our global reach. These agreements represent our ongoing commitment to keep Illinois a leader in the global marketplace.ï¿½
During his visit to Beijing today, Governor Quinn announced that Goldwind, one of the largest wind turbine manufacturers in the world, will build a $200 million wind farm in Lee County, Illinois. The company will break ground on the Shady Oaks project later this fall. Once online, the project will provide 109.5 megawatts (MW) of power, and create more than 100 construction and a dozen permanent maintenance jobs in Illinois. According to the American Wind Energy Association, one megawatt of wind energy can provide enough electricity to meet the needs of 225-300 households. Therefore, 109.5 MW can provide the electricity needs of approximately 25,000 homes.
ï¿½As the largest and most competitive market in the world, the United States is a key component of Goldwindï¿½s international growth. Thanks to visionary leaders like Governor Quinn, Goldwind and other renewable energy companies are able to generate an undeniable economic impact in the U.S. wind industry through job creation and supplier agreements,ï¿½ said Goldwind Chairman and CEO Wu Gang. ï¿½Goldwind has generated a competitive global footprint and we are focused on continuing that momentum, continuing to demonstrate our technology advantages and continuing to build-out our global supply chain.ï¿½
Goldwind USA Inc. is the U.S. subsidiary of Xinjiang Goldwind Science & Technology Co, LTD, based in Urumqi, Xinjiang, China. Goldwind USA established its headquarters in Chicago in 2010 to oversee operations in North and South America.
Governor Quinn also announced that Archer Daniels Midland Company (ADM), a worldwide food production company based in Decatur, Illinois, has entered into a $100 million sales agreement with Jiusan Oils and Seeds. Under the agreement, ADM will supply Jiusan Oils and Seeds, a manufacturer of soy products based in Harbin, Helongjiang, China, with 180,000 metric tons of soybeans by December 2012.
ï¿½This agreement connects Illinois soybean farmers with Chinese consumers and reinforces the growing ties between the State of Illinois and China,ï¿½ said David Ragan, product line manager, ADM. ï¿½In addition to helping to meet soybean demand and keep costs consistent for Chinese consumers, this partnership also underscores ADMï¿½s advancing interests in China and our commitment to serving Chinaï¿½s priorities in food security, food safety and food sustainability.ï¿½
China is the worldï¿½s largest market for Illinois soybeans, importing 122 million bushels of Illinois soybeans in fiscal year 2010 valued at $1.52 billion. Illinois is among the top five states in agricultural exports to China.
China is Illinoisï¿½ third largest export destination. Illinoisï¿½ overall exports to China reached $3.18 billion in 2010, up from $2.47 billion in 2009. Nearly 30 Chinese companies have invested in Illinois, employing thousands of Illinois residents.
For updates on Governor Quinnï¿½s trip, visit
www.Illinois.gov or follow him on Twitter at @GovernorQuinn. More information about Illinois trade and business opportunities can be found on the Illinois Department of Commerce and Economic Opportunityï¿½s website at