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THURSDAY, JUNE 30, 1994
AN OPENING AND PRIZE PRESENTATION CEREMONY WILL BE HELD ON SATURDAY AT 2 PM WITH THE SECRETARY FOR HOME AFFAIRS, MR MICHAEL SUEN, AS THE OFFICIATING GUEST.
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ADMISSION IS FREE.
ATTENTION NEWS EDITORS:
YOUR REPRESENTATIVES ARE INVITED TO COVER THE OPENING AND PRIZE PRESENTATION CEREMONY OF THE CIVIC EDUCATION EXHIBITION AT 1.45 PM ON SATURDAY (JULY 2) AT THE SPECIAL EXHIBITION HALL, HONG KONG SCIENCE MUSEUM, 2 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST.
REPORT ON HK'S METALS AND LIGHT ENGINEERING INDUSTRIES
THE INDUSTRY DEPARTMENT TODAY (THURSDAY) PUBLISHED A TECHNO- ECONOMIC AND MARKET RESEARCH STUDY REPORT ON HONG KONG'S METALS AND LIGHT ENGINEERING INDUSTRIES.
THE REPORT COVERS FINDINGS OF STUDY BY GOVERNMENT-COMMISSIONED CONSULTANTS ON THE CURRENT STATE OF DEVELOPMENT OF HONG KONG'S METALS AND LIGHT ENGINEERING INDUSTRIES AND RECOMMENDATIONS TO REMOVE THEIR CONSTRAINTS AND ENHANCE THEIR COMPETITIVENESS.
A SPOKESMAN FOR THE INDUSTRY DEPARTMENT SAID THE STUDY, CONDUCTED IN 1992, WAS THE SECOND OF ITS KIND SINCE THE FIRST WAS UNDERTAKEN IN 1987.
"THE STUDY COMPRISED TWO PARTS: A LOCAL PART WHICH WAS CARRIED OUT BY THE HONG KONG PRODUCTIVITY COUNCIL (HKPC) AND AN OVERSEAS PART WHICH WAS CARRIED OUT BY THE BOSTON CONSULTING GROUP, INC. (BCG)," HE SAID.
THE LOCAL STUDY EXAMINED THE CURRENT STATUS AND ANALYSED THE MAJOR STRENGTHS AND WEAKNESSES OF THE VARIOUS SECTORS OF THE LOCAL METALS AND LIGHT ENGINEERING INDUSTRIES.
HKPC CONSIDERED THAT THE LOCAL METALS AND LIGHT ENGINEERING INDUSTRIES HAD SUCCESSFULLY MADE USE OF THE PEARL RIVER DELTA AS AN EXTENSION OF HONG KONG'S PRODUCTION BASE, THOUGH THEY ALSO FACED THE PROBLEMS OF ESCALATING COST, INSUFFICIENT ORDERS AND INTENSE COMPETITION.
THE CONSULTANT WAS OF THE VIEW THAT THE INDUSTRIES SHOULD THEREFORE UPGRADE THEMSELVES FROM LOW-COST MANUFACTURING OPERATIONS TO COST-EFFECTIVE OPERATIONS PRODUCING HIGH VALUE-ADDED PRODUCTS WITH GREATER EFFORT IN PRODUCT DESIGN AND DEVELOPMENT, PRODUCTION TECHNOLOGY, QUALITY IMPROVEMENT AND EFFECTIVE MARKETING.
THE OVERSEAS STUDY FOCUSED ON OVERSEAS TRENDS AS WELL AS THE MAJOR THREATS AND OPPORTUNITIES FACING THE LOCAL METALS AND LIGHT ENGINEERING INDUSTRIES.
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