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Article: LOTUS TO FOUND BIGGEST STATIONERY PRODUCTION BASE OF ASIA
- Article from:
- AsiaInfo Services
- Article date:
- December 30, 2004
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AsiaInfo Services
12-30-2004
Lotus to Found Biggest Stationery Production Base of Asia
GUANGZHOU, Dec 30, 2004 (SinoCast via COMTEX) -- China's stationery power Lotus, Inc. (Group) has held a signing ceremony on production base investment project with related departments of Qingyuan City in Guangzhou.
Huang Xiaoxi, president of Lotus, announced that they will pumpUSD 50 million in building up the largest stationery productionbase of Asia in Qingyuan of Guangdong Province.
The president said the first-phase project is expected to be put into operation in October next year, and the whole production base will be able to bring CNY 1 billion total production value after being put into operation.
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