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Article: TOSHIBA ANNOUNCES NEW CHINESE PRODUCTION SITE.
- Article from:
- EDP Weekly's IT Monitor
- Article date:
- May 20, 2002
CopyrightCOPYRIGHT 2002 Millin Publishing, Inc. 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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Toshiba Corporation recently 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 globally-competitive manufacturing and infrastructures. China is also the world's biggest market, ...