Category: Manufacturing

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 […]

German chemical giant Bayer plans to invest US$3.1bn in a new factory complex in Shanghai, its biggest investment in a single project outside Germany, South China Morning Post reported. The contract for the project was signed during the visit to China by Germany’s Chancellor Schroeder in October 2001. The complex, which will comprise eight factories […]

The electronics company Sony is to manufacture and sell personal computers in China, the first Japanese firm to do so, Associated Press reported. The company hopes to make 10,000 Vaio notebook computers a month at a factory in Wuxi, Jiangsu province. The plant will import all parts from Japan and its entire output is expected […]

Legend, China’s leading domestic computer manufacturer, reported a profit for the second quarter of 2001 that was 25 per cent higher than in the same period of 2000, Bloomberg said. The company accounts for more than a third of all personal computers sold in China and its market share is more than twice that of […]