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Article: 3M BUILDS SOUTHERN CHINA PRODUCTION BASE WITH USD30MN
- Article from:
- AsiaInfo Services
- Article date:
- February 15, 2006
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AsiaInfo Services
02-15-2006
3M Builds Southern China Production Base with USD30mn
GUANGZHOU, Feb 15, 2006 (SinoCast via COMTEX) -- US-based 3M invested USD 30 million in creation of 3M Material Technology (Guangzhou) Co., Ltd., its first hi-tech production base in southern China.
The new company will become the sixth production base of 3M across China, and it will bring 3M's total investment in the country to nearly USD 400 million.
The company injected USD 17.6 million into the first-phase construction of the base, which is expected to be operational by 2007. In the future, the base will manufacture electronics, industrial and optical products, said ...