THURSDAY, MAY 9, 1991

9

HK SHIFTS TO CAPITAL AND TECHNOLOGY-INTENSIVE

MANUFACTURING ACTIVITIES

APART FROM EVOLVING INTO A REGIONAL SUPPORT CENTRE FOR MANUFACTURING, HONG KONG IS ASSERTING ITS POSITION AS A MANUFACTURING CENTRE OF ITS OWN RIGHT BY SHIFTING TO TECHNOLOGY-INTENSIVE MANUFACTURING ACTIVITIES.

CAPITAL

AND

THE ACTING DIRECTOR OF INDUSTRY, MR WILFRED WONG, SAID THIS TODAY (THURSDAY) AT THE OPENING OF HONG KONG'S FIRST COPPER FOIL FACTORY AT YUEN LONG INDUSTRIAL ESTATE OPERATED BY NIKKO GOULD FOIL (HONG KONG) LIMITED.

HE SAID THE GOVERNMENT HAD TAKEN VARIOUS MEASURES IN TANDEM то COPE WITH THE CHANGES AHEAD:

THE FIRST-YEAR INTAKE OF TERTIARY ACADEMIC INSTITUTIONS WOULD BE INCREASED FROM 7,500 AT PRESENT TO 15,000 BY

1994/95;

+ THE NEW UNIVERSITY OF SCIENCE AND TECHNOLOGY WOULD BEGIN

TAKE IN STUDENTS LATER THIS YEAR;

THE VOCATIONAL TRAINING COUNCIL'S TECHNICAL INSTITUTES TRAINING CENTRES PROVIDED BASIC OR UPDATING TRAINING 25,000 TRAINERS A YEAR AT MANY DIFFERENT SKILL LEVELS;

ΤΟ

AND

FOR

AND

IN NEW

THE NEW TECHNOLOGIES TRAINING SCHEME TO ENABLE MANAGERS TECHNOLOGISTS TO UNDERGO LOCAL OR OVERSEAS TRAINING TECHNOLOGIES WOULD SOON BE LAUNCHED; AND

OUR RESEARCH AND DEVELOPMENT CAPABILITY WOULD BE GREATLY ENHANCED WITH THE ESTABLISHMENT OF BIOTECHNOLOGY INSTITUTES, AN INFORMATION TECHNOLOGY RESEARCH INSTITUTE, AND THE HONG KONG INDUSTRIAL TECHNOLOGY CENTRE.

"WE FULLY RECOGNISE THAT MANUFACTURERS PLAY AN EQUALLY, IF NOT MORE, IMPORTANT PART IN UNDERPINNING HONG KONG'S MOVE TOWARDS MORE SOPHISTICATED MANUFACTURING ACTIVITIES, MR WONG SAID.

NIKKO GOULD'S COPPER FOIL PROJECT WOULD, LIKE MANY FAR-SIGHTED OVERSEAS INVESTMENT PROJECTS, CONTRIBUTE TO THE FURTHER OF HONG KONG'S INDUSTRY.

DEVELOPMENT

DOUBT FIND AND, ONCE

"THE COPPER FOIL THAT THE COMPANY PRODUCES WILL NO A READY MARKET IN THE LOCAL ELECTRONICS INDUSTRY ESTABLISHED HERE, I AM SURE THE COMPANY WOULD BE ABLE TO CAPITALISE ON THE MANY STRATEGIC ADVANTAGES THAT WE HAVE TO OFFER,

||

HE SAID.

י

MR WONG SAID THE NEW COPPER FOIL FACTORY, THE FIRST OF ITS KIND ESTABLISHED BY THE NIPPON MINING GROUP IN ASIA PACIFIC, SERVED TO TESTIFY THE UNIQUE ADVANTAGES WHICH HONG KONG, MANUFACTURING CENTRE, OFFERED TO OVERSEAS INVESTORS.

AS A REGIONAL

/"HERE,

ONE

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