SATURDAY, JUNE 25, 1988
4
DEFENCE COSTS AGREEMENT TO BE INITIALLED
NEW
A GOVERNMENT SPOKESMAN TODAY (SATURDAY) CONFIRMED THAT A DEFENCE COSTS AGREEMENT WILL BE INITIALLED IN LONDON ON MONDAY
(JUNE 27).
THE AGREEMENT, WHICH PROVIDES FOR AN APPORTIONMENT OF COSTS OF 65:35, WILL RUN FROM APRIL 1, 1988 TO JUNE 30, 1997.
DETAILS OF THE PROPOSED NEW AGREEMENT WILL BE PUT ΤΟ THE FINANCE COMMITTEE IN EARLY JULY.
GREATER DIVERSIFICATION IN MANUFACTURING URGED
BE
HONG KONG MANUFACTURERS IN THE PLASTICS INDUSTRY MUST PREPARED ΤΟ MOVE INTO NEW END-PRODUCTS, COMPONENTS, AND PROCESSES INVOLVING HIGHER VALUE-ADDED, GREATER PRODUCTIVITY, BETTER QUALITY
MORE DIVERSIFICATION, INSTEAD OF
RELYING MERELY DIRECTOR OF 'INDUSTRY, COMPETITIVENESS ALONE, THE DEPUTY LEUNG, SAID TODAY (SATURDAY).
AND
ON PRICE MR ANDREW
MR LEUNG WAS SPEAKING AT AN ANNUAL DINNER OF THE PLASTICS AND RUBBER INSTITUTE (HR SECTION).
HE SAID THAT IN VIEW OF INCREASING COMPETITION, GUARANTEED PROVE PRODUCT QUALITY AND RELIABILITY AS WELL AS QUICK DELIVERY WOULD
MERE FLEXIBILITY TO FOLLOW TO BE INCREASINGLY CRUCIAL, RATHER THAN THE FAD PRODUCT IDEAS.
"THIS WILL ENTAIL BUILDING QUALITY INTO THE MANUFACTURING PROCESS FROM CONCEPTUAL DESIGN, THE USE OF MATERIALS, PRODUCTION, TESTING, MARKETING, DISTRIBUTION, AND TO AFTER-SALE SERVICE, HE SAID.
LEUNG ALSO STRESSED THE IMPORTANCE
MR DIVERSIFICATION.
OF
+|
MARKET
BY
HE SAID THAT A MARKETING RESEARCH CONSULTANCY COMMISSIONED
DEPARTMENT THE INDUSTRY
AND COMPLETED IN FERRUARY THIS YEAR HIGHLIGHTED SUCH MARKET OPPORTUNITIES AS MEDICAL PLASTICS, PARTS AND CUSTOM MOULDINGS.
AUTOMOTIVE
"PENETRATION INTO MARKETS OTHER THAN THE USA AND THE KEU, AS JAPAN, HAD ALSO BEEN SUGGESTED, HE SAID.
SICIL
T+
/MR LEUNG