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Article: Toshiba Announces New Chinese Production Site.
- Article from:
- Business Wire
- Article date:
- May 17, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/High-Tech Writers
TOKYO--(BUSINESS WIRE)--May 17, 2002
Toshiba Corporation today announced that it has acquired 400,000m2 of land, including future purchase rights, in Hangzhou, Zhejiang Province. The site was acquired as a part of Toshiba's corporate strategy of constructing an optimized global production network, and will be utilized by Toshiba's in-house companies and its group companies. Toshiba will establish a new subsidiary in June this year to manage the land, support deployment of production infrastructure and production.
China enjoys numerous advantages as a production base, including the ability to support ...