FRIDAY, MAY 31, 1985
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NEW DESIGN COMPANY TO MAKE DEBUT THIS YEAR
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THE NEW PRODUCT INNOVATION AND DESIGN COMPANY LIMITED (PIDC) SHOULD BE OFFICIALLY REGISTERED BEFORE THE END OF THE YEAR, THE SECRETARY FOR TRADE AND INDUSTRY, MR E.P. HO, SAID TODAY (FRIDAY).
OFFICIATING AT THE PRESENTATION OF AWARDS IN THE 1985 NEW PRODUCT COMPETITION, ORGANISED BY THE CHINESE MANUFACTURERS' ASSOCIATION OF HONG KONG (CMA), MR HO SAID THE COMPANY WOULD BE INVOLVED INITIALLY IN ASSESSING CATEGORIES OF PRODUCTS IN TERMS OF THE IR POTENTIAL FOR DESIGN AND INNOVATION.
+PROPOSALS WILL THEN BE PREPARED FOR CONSIDERATION BY MANUFACTURERS IN THESE AREAS, SPECIFIC PROJECTS WILL ALSO BE UNDERTAKEN FOR INDIVIDUAL COMPANIES ON A CONSULTANCY BASIS.+
BESIDE PAYING TRIBUTE TO THE ORGANISERS OF THE COMPETITION, MR HO ALSO CONGRATULATED THE CMA ON ITS INITIATIVE IN SPONSORING A PRODUCT CONSULTANCY SERVICE.
HE REMINDED MANUFACTURERS OF THE INCREASINGLY KEEN COMPETITION IN OVERSEAS MARKETS AND THE SHORTENING LIFE CYCLES OF THE AVERAGE PRODUCT DUE TO RAPID TECHNOLOGICAL ADVANCEMENTS.
IT WAS THEREFORE NECESSARY FOR MORE RESOURCES TO BE DEVOTED TO PRODUCT DESIGN AND DEVELOPMENT IN ORDER THAT NEW AND BETTER PRODUCTS COULD BE CREATED AND NEW MARKET DEMANDS GENERATED, HE SAID.
+1 HAVE NOT THE SLIGHTEST DOUBT THAT OUR MANUFACTURERS WILL RISE TO THIS CHALLENGE.
+1 AM CONFIDENT THAT THE COMBINED SERVICES TO BE PROVIDED BY THE PIDC AND THE CONSULTANCY SERVICE SPONSORED BY THE CMA WILL GREATLY ENHANCE THE ABILITY OF OUR SMALL AND MEDIUM-SIZE FIRMS TO DEVELOP THE IR PRODUCTS AT A MUCH FASTER PACE TO MEET CHANGING MARKET NEEDS,+ HE SAID.
THE NEW PRODUCTS COMPETITION HAS BEEN ORGANISED ANNUALLY BY THE CMA SINCE 1970.
THERE WERE 39 ENTRIES IN THIS YEAR'S COMPETITION, THREE OF WHICH WON THE HK NEW PRODUCTS AWARD AND FOUR WERE AWARDED CERTIFICATES OF MERIT. THE WINNING PRODUCTS INCLUDED ELECTRICAL APPLIANCES, ELECTRONICS GOODS, AND MACHINERY AND ENGINEERING PRODUCTS.
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