Article: TOSHIBA SETUP ITS GLOBAL IT BASE IN HANGZHOU

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Toshiba Setup Its Global IT Base in Hangzhou

CHINA, Jun 19, 2002 (AsiaPort via COMTEX) -- Lately, Toshiba Corporation 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.

Many manufacturers of components for information equipment are located in Hangzhou, the site of ...

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