5
THOSE WHICH
IN
THE
AMONG THE INCREASING NUMBER OF FOREIGN FIRMS ARE
BUSINESS INTERESTS
USE HONG KONG AS A BASE TO PROMOTE THEIR ASIA PACIFIC REGION, MR BARMA SAID.
||
BY THE INDUSTRY DEPARTMENT QUOTING A SURVEY CONDUCTED SUMMER, MR BARMA SAID WHILE THE UNITED STATES AND JAPAN REMAINED KONG'S BIGGEST OVERSEAS INVESTORS IN ITS MANUFACTURING 1989 GERMAN INVESTMENT HAD GROWN SIGNIFICANTLY, AND RANKED SEVENTH.
THIS
HONG
INDUSTRIES IN
MILLION. MILLION. THIS BY 1989, THIS HAD REFLECTS YOUR GROWING CONFIDENCE IN HONG KONG AND I WOULD BE HAPPY SEE THIS TREND CONTINUE IN FUTURE,
"IN 1984, YOUR TOTAL INVESTMENT WAS VALUED AT US$14.4
FOUR-FOLD TO US$74.8 INCREASED
14
HE SAID.
ΤΟ
NOT ONLY TO SET USE HONG KONG AS A
MR BARMA SAID GERMAN COMPANIES WERE WELCOME,
ALSO TO UP TRADING OFFICES IN HONG KONG, BUT MANUFACTURING BASE.
BEEN PRIZED BY THE FOR THEIR
REGION
"INDEED, GERMAN PRODUCTS HAVE
THE HONG KONG AND IN PEOPLE OF LEGENDARY QUALITY AND DURABILITY.
LONG FOR
PACIFIC ASIA
UP A PRODUCTION "AND ONE GERMAN COMPANY WHICH SET
COFFEE ELECTRIC OF HONG
MELITTA, KONG,
MANUFACTURER RECENTLY WON OUR HIGHEST AWARD FOR QUALITY, THE GOVERNOR'S INDUSTRY," HE SAID.
PLANT IN MACHINES, AWARD FOR
OVERSEAS COMPANIES HAD
IN TECHNOLOGY
HONG KONG'S
RECOGNISED INDUSTRIAL
MR BARMA SAID A NUMBER OF THE OPPORTUNITIES FOR HIGHER ACTIVITIES AND STARTED THEIR NEW FACILITIES IN THE TERRITORY.
THE SETTING UP BY ANCILLARIES
THE MORE NOTABLE RECENT PROJECTS INCLUDED HOECHST OF A CHEMICAL PROCESSING PLANT TO PRODUCE TEXTILE AND THE ACQUISITION BY VITELIC CORPORATION OF THE UNITED STATES OF A HONG KONG SEMICONDUCTOR FOUNDRY TO UPGRADE ITS FACILITIES SUB-MICRON FIVE-INCH WAFERS.
ΤΟ PRODUCE
FOR 1990, THE TOTAL INVESTMENT IN HONG KONG WAS ABOUT US$10 MILLION,
VITELIC THIS
OPERATION
IN
CHINESE HE SAID CONCORDIA PAPER LTD, A JOINT VENTURE BETWEEN A
HAD PRIVATE COMPANY,
SET UP A
THE BOARD.
VALUE OF PAPER
THIS
STATE ORGANISATION AND A HONG KONG
PRODUCE PAPER RECYCLING PLANT TO INVESTMENT WAS OVER US$20 MILLION,
UP OTHER PROJECTS INCLUDED DAIWA STEEL TUBE OF JAPAN'S SETTING
IN HONG KONG OF A SUBSIDIARY TO MAKE HOT-DIP GALVANISED STEEL TUBES
AND THE MILLION),
DECISION BY (TOTAL INVESTMENT AMOUNTING TO US$8
IN HONG KONG то MANUFACTURE MONTEDISON OF ITALY TO SET UP A PLANT POLYSTYRENE (TOTAL INVESTMENT AMOUNTING TO ABOUT US$13 MILLION).
WAS ORGANISED
BY
THE
OF
FILM, THE
FEDERATION WHICH AT THE SEMINAR, GERMAN INDUSTRIES, MR BARMA ALSO SHOWED AN INDUSTRIAL PROMOTION
IN BROAD TERMS TO "HONG KONG
ILLUSTRATE ENTITLED
WORKS" ADVANTAGES OF HONG KONG FOR CERTAIN KINDS OF MANUFACTURING OPERATIONS.
0
/6