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TUESDAY, MAY 28, 1991
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UP
MOTOROLA OF THE UNITED STATES HAS SET
A MULTI-MILLION DOLLAR FACILITY IN HONG KONG TO SERVE AS ITS ASIA-PACIFIC HEADQUARTERS AND ALSO AS A DESIGN AND MANUFACTURING CENTRE FOR DYNAMIC RANDOM ACCKSS MEMORY SEMICONDUCTORS (DRAMS), APPLICATIONS SPECIFIC INTEGRATED CIRCUITS (ASICS) AND BI-POLAR INTEGRATED CIRCUITS;
HOECHST OF GERMANY HAS S&T UP A SOPHISTICATED CHEMICAL PROCESSING PLANT IN ONE OF THE INDUSTRIAL ESTATES TO PRODUCE TEXTILE ANCILLARIES;
VITELIC CORPORATION OF THE UNITED STATES HAS ACQUIRED A HONG KONG SEMICONDUCTOR FOUNDRY TO UPGRADE ITS FACILITIES TO PRODUCE SUB-MICRON FIVE-INCH WAFERS;
CONCORDIA PAPER LTD, A JOINT-VENTURE BETWEEN A CHINESE STATE ORGANISATION AND A HONG KONG PRIVATE COMPANY, HAS SET UP A RECYCLING PLANT ΤΟ PRODUCE PAPER BOARD FROM WASTE PAPER;
MONTEDISON OF ITALY IS BUILDING A POLYSTYRENE PLANT TO SERVE THE REGIONAL MARKET;
* DAIDO CONCRETE, A JAPANESE CONSTRUCTION COMPANY, HAS EXPANDED ITS OPERATIONS FOR THE THIRD TIME TO MANUFACTURE NEW PRODUCT, STEEL COMPOSITE PILES;
A
$ ASANO DYBING CO. (HK) LTD HAS SET UP A NEW FACILITY TO PROVIDE A HIGH QUALITY DYEING AND FINISHING SERVICE FOR MANUFACTURERS OF SWEATERS. THE FACTORY SITS ON A 3,700 SQUARE METRES SITE IN YUEN LONG INDUSTRIAL ESTATE; AND
NIKKO GOULD FOIL (HK) LTD, A PRODUCER OF COPPER FOILS FOR PCB LAMINATES, OPENED ITS PLANT ABOUT THREE WEEKS AGO.
MR BARMA SAID BOTH LOCAL AND OVERSEAS INVESTORS WERE CONFIDENT OF THE BRIGHT PROSPECTS FOR DOING PROFITABLE BUSINESS IN HONG KONG,
"APART FROM A SOUND ECONOMIC FOUNDATION AND EXCELLENT BUSINESS INFRASTRUCTURE, HONG KONG'S FREE TRADE AND FREE ENTERPRISE, A HARD-WORKING LABOUR FORCE, GOVERNMENT'S NON-INTERFERENCE POLICY, LOW TAX RATE, EXCELLENT COMMUNICATIONS NETWORK AND PROXIMITY TO THE NEW ASIAN MARKETS HAVE ALL BEEN RECOGNISED AS FAVOURABLE FACTORS,' HE SAID.
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ON JAPANESE INVESTMENT IN HONG KONG, MR BARMA SAID ACCORDING TO THE JAPAN MINISTRY OF FINANCE TOTAL JAPANESE INVESTMENT IN HONG KONG AMOUNTED TO OVER US$9 BILLION BY THE FIRST HALF OF FISCAL YEAR 1990, REPRESENTING MORE THAN 3.5 PER CENT OF TOTAL JAPANESE DIRECT OVERSEAS INVESTMENT.
HONG KONG CONTINUED ΤΟ BE JAPAN'S SECOND MOST IMPORTANT INVESTMENT DESTINATION IN ASIA, AFTER INDONESIA.
"COMPARED WITH THE FIRST HALF OF FISCAL YEAR 1989; INVESTMENT IN HONG KONG GREW BY 28.7 PER CENT, WHILE THAT WHOLE OF ASIA WAS 21.8 PER CENT, HE SAID.
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JAPANESE FOR
THE
/ON MANUFACTURING