XN000022-1991-05-27 — Page 2

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MONDAY, MAY 27, 1991

JAPANESE MANUFACTURERS FIND EXPANDING OPERATIONS IN HK PROFITABLE

EXPAND

THE ACTING

MANY JAPANESE MANUFACTURERS HAVE FOUND IT PROFITABLE TO THEIR OPERATIONS SOON AFTER LOCATING TO HONG KONG, DIRECTOR OF INDUSTRY, MR WILFRED WONG, SAID THIS (MONDAY) EVENING.

PRODUCTION

MR WONG SAID THESE COMPANIES EITHER INCREASED THEIR CAPACITY, ADOPTED NEW OR ADVANCED PRODUCTION TECHNIQUES AND MACHINERY, OR PROCEEDED ON TO THE PRODUCTION OF ENTIRELY NEW LINES OF PRODUCT.

SPEAKING AT THE

10TH ANNIVERSARY

CELEBRATIONS

OF DAIDO SAID: "THE COMPANY IS A SHINING CONCRETE (HONG KONG) LIMITED, HE

OF A EXAMPLE

HIGHLY ENTERPRISE, JAPANESE FORESIGHT AND SUCCESSFUL INVESTMENT IN HONG KONG'S MANUFACTURING INDUSTRY."

OF

AND

+

MR WONG SAID THE READINESS OF JAPANESE MANUFACTURERS TO

LARGELY ΤΟ KONG WAS DUE

THEIR FIRST-HAND THEIR BUSINESS IN HONG KNOWLEDGE OF THE ABUNDANT OPPORTUNITIES AVAILABLE HERE.

EXPAND

HE SAID RE-INVESTMENT BY COMPANIES ALREADY ESTABLISHED IN KONG HAD PARTICULAR SIGNIFICANCE.

HONG

"FIRST, THIS REFLECTS THEIR CONFIDENCE IN THE CAPABILITIES SKILLS OF OUR LABOUR FORCE IN MASTERING NEW TECHNOLOGY.

TRANSFER OF USEFUL TECHNOLOGIES BROADEN OUR INDUSTRIAL BASE AND UPGRADE THE TECHNOLOGY MANUFACTURING COMMUNITY.

"SECOND, THE

AND

HAS HELPED OF THE LOCAL

"THIRD,

FURTHER

THAT

INVESTMENTS BY

MIGHT DESPITE ALL THE PROBLEMS TRANSITION, HONG KONG, WITH ITS MANY STRATEGIC THE BEST PLACE TO DO BUSINESS IN THE REGION,

WE

OVERSEAS

BE

COMPANIES SIGNIFY

FACING DURING ADVANTAGES, IS STILL

THE

*

HE SAID.

HAD

LONG BEEN

A

SIGNIFICANT

SOURCE OF

MR WONG SAID JAPAN INDUSTRIAL INVESTMENT IN HONG KONG.

29.1 OR

WITH ESTABLISHMENTS

PER

JAPANESE

THERE WERE 180 MANUFACTURING

ACCOUNTED FOR A CUMULATIVE INVESTMENT AND BY THE END OF 1989 THEY

BILLION,

CENT OF TOTAL INVESTMENT OF $8.6 INDUSTRIAL INVESTMENT IN HONG KONG, A CLOSE SECOND TO THE ACCOUNTED FOR 31 PER CENT.

THE

PHENOMENAL

GROWTH

OVERSEAS USA WHICH

INDUSTRIAL

NEW PROJECTS

JAPANESE IN MR WONG SALD INVESTMENT IN RECENT YEARS WAS ATTRIBUTABLE NOT ONLY TO BUT ALSO TO THE EXPANSION OF EXISTING PLANTS.

DAIDO

"I AND MY COLLEAGUES ARE PRIVILEGED TO BE ABLE TO ASSIST

OTHER JAPANESE MANUFACTURERS, CONCRETE (HONG KONG) LIMITED, AND THEIR EXPANSION PLANS," HE SAID.

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