Toshiba Corp is to buy the remaining 5 per cent of its semiconductor joint venture Wuxi Huazhi Semiconductor from its Chinese partner, Huajin Electronics, making it a wholly owned subsidiary of the Japanese company. Some US$30m will be spent on increasing capacity to 30m units a month. Toshiba also plans to move the plant to […]
Category: Manufacturing
Shanghai Hua Hong NEC Electronics Co will this year start producing integrated circuits for use in China's national identity cards, said Nikkei Business Daily. The joint venture will supply chips for the new smart cards and has already begun working with the Chinese authorities on encryption technology. As a security measure, the company will be […]
Bayer (China) Ltd has signed an education co-operation agreement with Shanghai Petrochemical Academy, a provider of vocational and technical education. The German based company will allocate m1m to establish a modern laboratory, a pilot plant and a pipe assembly shop in a new building located on the school's campus in Jinshan town, south of Shanghai. […]
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Haixin buys US fabric plants
Shanghai Haixin (Group) is paying US$25m to purchase fabric plants and trademarks from Glenoit, a US maker of homefurnishing fabrics, Bloomberg reported. The assets include plush fabric factories in North Carolina and Ontario. Haixin said that the purchase would increase its annual fluffy fabric output by one-third. Already the biggest plush-toy maker in China, it […]
China's industrial output in June increased by 12.4 per cent year-on-year, according to National Bureau of Statistics figures. The increase for the first half of 2002 was 11.7 per cent. The growth rate is higher than the 9 per cent target for the whole of 2002 set by the State Economic and Trade Commission at […]