FINNS OFFER PACK CING
KNOW-HOW
Two Finnish packaging ex- perts members of the Win- nish Paper Board Converters' Association--paid a brief visit to Hongkong last week.
Mr R. Korvenmaa and Mr A. Palmroth of the Finnish company Euran Paperi, both expressed surprise that there seemed to be "no great awareness" in Hongkong of the effectiveness of good packaging in marketing pro- ducts.
HK TELEGRAPH OCT 14 1970.
ост
Japanese win
major HK
contract
A Japanese construction firm has been awarded by Government the first principal contract, valued at "a little more than $100 million", There seems to be great for building the extension to Hongkong's Kai Tak Airport runway.
prospects for Finnish aid to Hongkong in the packaging industry," Mr Korvenmaa
said.
The successful tenderer for the coveted project, Kumagai Gumi Co Ltd, outbid about 10 other tractors from France, Germany and Japan.
MAGAZINE ISSUES
MARKET WARNING
A European magazine devoted almost entirely to the Common Market has sounded another warning about Hongkong's economic future.
ww
New bank branch
One
of the best-known Continental European banks in Hongkong, the Algemene Bank Nederland NV, opened a fourth branch in the Colony last week, at Shamshuipo.
Bradford
mission
in HK
Following the success- ful visit by 20 business- men from the Mersey- side & District Chamber of Commerce and In- dustry, a 13-man selling mission from the Brad- ford Chamber of Com- merce is in Hongkong this week.
The mission is the first ever mounted by the Chamber of Com- merce and is a mixed mission.
Looms
Among the firms taking part is the one which manufactured the world's first power loom for the worsted indus- try.
Another firm repre-
a full range sents
of textile testing equip- ment.
About half of the mission's members re- present firms which are not wool textile manu- facturers, top makers or merchants.
Their products include pistons and piston rings, overhead materials- handling equipment, test equipment, textile mac- hinery and toys, and the services they offer
include engineering re- search and banking,
Leader of the mission
in
the
The magazine is European Community, published by the European Community Press and Information Office Belgium.
In its latest issue, magazine said: "For the rest of the developing Common- wealth countries, the EEC Commission has proposed 'global trade agreements'.
"There is no indication that any of them want more than this.
"There will probably, how- ever, be difficulties over Hongkong, which alone of Britain's dependencies has a major industrial exporting economy."
Opposition
Observers interpret the magazine's warning as in- dicating that the Common Market countries will oppose most of Britain's moves help Hongkong.
to
Hongkong industrialists and exporters already have warn- ed that the Colony's im- mediate economic future is dependent on the terms of Britain's entry into the EEC.
The Vice-Chairman of the Hongkong Exporters' Associa- tion, Mr P. Pecari: comment- ed:
"Many industries have scen the writing on the wall and have endeavoured to cover themselves over the last few years.
"It would have temporary adverse effect...."
Other experts ink many Hongkong firms tould face financial ruin if Britain docs not win enough protection for industries here.
Peninsula buys
R-R fhet
The biggest single export order for Silver Sadow pas- senter cars ever reived by Rolls-Royer Ltd,' ha, just been pinced by Horkout & Shanghai Hotels El Erotigh Gilgam Motęg Dat
|
con-
Disclosing this last week, the manager of the com- pany's Hongkong office, Mr T. Takenaka, said: "We received a letter from the consulting engineers for the project, Scott, Wilson, Kirkpatrick & Partners, confirming the award by Government on October 1."
Mr Takenaka attributed the company's success to the fact that "we offered the lowest tender".
The contract, according to Government, requires the construction of 1.25 miles of seawalls and the reclama- tion of about 60 acres of seabed within the walls.
Two years
Mr Takenaka said the work, which will t carried out under the supervision of the consulting engideers, is ex- pected to be completed within two years.
Twenty engineers will be brought from Japan, in ad- dition to about 30 local super- visory staff. "The number of workers will vary according to the progress of the work.”
Mr Takenaka said the com- pany, set up in Hongkong nine years ago, had also secured three contracts from Government for
extending the parking aprons and widening the existing taxiway at Kai Tak.
The company gained similar experience in constructing one runway at Tokyo's inter- national airport.
Completion
Another major contract is expected to be let next year for the construction of the runway and taxiway pave- ments, drainage, fire-fighting facilities and lighting. "The whole project should be com- pleted early in 1973," a Go- vernment spokesman said.
"The cost of the extension had shot up by more than 30 per cent and was now likely to total $150 million, the Governor, Sir David Trench, said in a speech on October 1. The question, however, of who is going to pick up the tab remains open.
The Financial Secretary. Sir John Cowperthwaite, said in his budget speech last February: "Our decision to go ahend with construction does not racep that we shall not continue to press
oral case ap' London for a iinancial coul)ibution...
Put on September 28 Sir Jobu said: don't knw if
Our
Inter-airline
agreement signed by Cathay
China Air Lines and Cathay Pacific Airways have signed
inter-airline
ના new ment.
agree-
The accord was signed by Mr Fred C. Wong, Executive Vice-President of CAL, and by Mr John Diek, Commercial Manager of Cathay Pacific.
The agreement now goes to the airlines' respective Gov- ernments for their approval.
A pooling agreement be- tween the two carriers on the Hongkong-Taipei route be- came effective last Thursday.
The pool allows for the interchange of tickets on the route without the necessity of endorsement.
Artloo
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