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WEDNESDAY, AUGUST 9, 1989
FS VISITS PRINTING PLANT IN TAI PO INDUSTRIAL ESTATE
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THE FINANCIAL SECRETARY, SIR PIERS JACOBS, TODAY (WEDNESDAY) VISITED A MULTI-MILLION DOLLAR PRINTING PLANT RUN BY A SINGAPORE SWITZERLAND JOINT-VENTURE IN TAI PO INDUSTRIAL ESTATE.
ACCOMPANIED BY THE SECRETARY FOR TRADE AND INDUSTRY, MR JOHN CHAN, AND THE DIRECTOR OF INDUSTRY, MR T.H. BARMA, THE FINANCIAL SECRETARY VISITED TIMES-RINGIER (HONG KONG) LIMITED AS PART OF HIS PROGRAMME OF MAKING FAMILIARISATION VISITS TO FACTORIES.
OCCUPYING A PURPOSE-BUILT PLANT WITH A FLOOR AREA OF 7,400 SQUARE METRES, TIMES-RINGIER POSSESSES THE COMBINED EXPERTISE OF TWO OF THE WORLD'S LARGEST PRINTING COMPANIES, TIMES PUBLISHING LIMITED AND RINGIER AG.
THROUGH THE USE OF ADVANCED TECHNIQUES, MODERN EQUIPMENT, SYSTEM MANGAGEMENT AND QUALITY PRODUCTION SKILLS, THE COMPANY NOW EMPLOYED FEWER THAN 100 STAFF MEMBERS, SIR PIERS WAS TOLD.
HE ALSO LEARNT THAT TIMES-RINGIER WAS CONFIDENT THAT THERE WAS STILL PLENTY OF SCOPE FOR BUSINESS AS NEW PUBLICATIONS CONTINUED ΤΟ BE LAUNCHED, AND REQUIREMENTS FOR QUALITY CORPORATE LITERATURE GREW IN LINE WITH THE ECONOMY AS A WHOLE.
TIMES-RINGIER IS A
SPECIALIST IN PRODUCING MAGAZINES, CATALOGUES, BOOKS AND DIRECTORIES FOR MARKETS IN THE UNITED STATES, EUROPE, AUSTRALIA AND ASIA, AS WELL AS IN HONG KONG.
SIR PIERS WAS TOLD THAT THE COMPANY HAD ALREADY BEEN PRINTING MORE THAN HALF A MILLION MAGAZINES A MONTH AND WOULD ADVANCE ITS EXPANSION PLANS VERY SOON.
HONG KONG IS NOW THE SECOND LARGEST EXPORTER OF QUALITY PRINTING WORK IN ASIA, AFTER JAPAN. THE VALUE OF THE GROSS OUTPUT OF THE PRINTING INDUSTRY WAS $6,752 MILLION IN 1986 AND IT 19 ESTIMATED THAT SOME 30 PER CENT OF THE GROSS OUTPUT IS FOR EXPORT.
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ACCORDING TO THE INDUSTRY DEPARTMENT'S 1988 SURVEY OF OVERSEAS INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRIES, THERE WERE A TOTAL OF 21 PRINTING COMPANIES EITHER WHOLLY OR PARTIALLY OWNED BY OVERSEAS INVESTORS,
TOTAL INVESTMENT AT ORIGINAL COST BY THESE COMPANIES WAS $1,276 MILLION, REPRESENTING SIX PER CENT OF TOTAL OVERSEAS INVESTMENT IN LOCAL MANUFACTURING INDUSTRIES.
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