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Shiming completes $400 million contract with government to build new production facility

Baoji in Shaanxi

               Baoji in Shaanxi

Shiming, a Chinese consumer electronics company with 10 years of experience in high technology, has entered into a $400 million joint venture agreement with the Chinese Government in Baoji City to build a new technology complex.

This will possibly make Shiming one of China’s leaders in 3G phone manufacturing.

The new technology complex, to be created on 200,000 sq meters already owned by the company in Baoji, China, will have floor space dedicated to 3G hardware and accessories, solar fuel cells, silicon chips, and heavy equipment targeting the rapid growth business sectors of oil field exploration and oil field services.
More HERE.
Source: Market Watch

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