Lucent Technologies is to spend US$50m on building a research centre in China to develop
third-generation mobile technology, Reuters reported.
Stella Chemifa of Japan plans to set up a hydrofluoric acid production joint venture in Zhejiang province, Nikkei said. The acid is widely used in electronics manufacturing.
Changchun Auto Industrial Park, intended to provide a home for businesses related to motor vehicles, is being set up in Liyuan, Jilin province.
Waterford Wedgwood, the Irish-headquartered china and crystal maker, announced that it plans to shift production of its mid-priced tableware from Britain to China.
China Southern Airlines took delivery in May of its first Airbus A-319 aircraft and its eighth Boeing 737-800.
Japan’s Oji Paper plans to invest about US$590m to build a paper plant near Shanghai with an annual production capacity of 500,000 tonnes, Nikkei said.
Messe Frankfurt has opened an office in Beijing that will work to expand Chinese participation
at the company’s trade fairs in Germany and across the world. It will be a branch office of Messe Frankfurt Shanghai.
Honeywell International is to shift its Asia-Pacific headquarters from Singapore to Shanghai, continuing a trend that has seen the likes of Siemens, Alcatel and Eastman Kodak move closer to their major regional clients and plants.