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successful UK joint venture participation are the Euroasia
Shipyards Ltd. (A and P Applodore Asia Ltd.) now building jack up oil rigs, Ready Mix Concrete (HK) Ltd. and H.K.
Oxygen and Acetylene Co. Ltd.
25. A large range of products of all kinds are also sourced
from Hong Kong. Where these are produced to the design and
specification of the UK company they represent a considerable
additional involvement in Hong Kong's manufacturing industry
in its role as one of the world's leading international
subcontractors.
Among these for example are garments, semi-
conductors and electrical and electronic components, toys and
gift ware, domestic electrical appliances, instruments, auto
exhaust systems, watches and calculators.
26. Hong Kong offers an efficient manufacturing service and
a marketing base for UK exports to the Pacific Region.
These
UK companies which have established joint ventures or wholly
owned subsidiaries in Hong Kong have enjoyed an almost
unblemished record of growth and successful operations.
There is still tremendous scope for more profitable and
mutually beneficial cooperation between Hong Kong and UK
Industry involving the two way flow of goods and services.
The main areas for which Hong Kong sees particular promise
for future cooperation are:
(1) the whole span of electronics industry, computers
and information processing, instrumentation,
medical and educational electronics, in which
the UK has advanced technical and scientific
capability, while HK offers a strong efficient
vertically integrated engineering and manu-
facturing base with highly developed links with
the research and development and markets of the USA
construction and building materials and supplies
for Hong Kong's enormous construction programme
(2)
(3)
steel fabrication to service UK heavy engineering
and construction contracts in the Far East
(4) food manufacture and processing.
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