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Article: SEVERAL TAIWANESE TEXTILE COMPANIES TO ESTABLISH OUTLETS IN MAINLAND

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AsiaInfo Services
Article date:
June 16, 2003
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00-00-0000
Several Taiwanese Textile Companies to Establish Outlets in Mainland

CHINA, Jun 16, 2003 (SinoCast via COMTEX) -- Several textile companies in central China Taiwan have planned to establish outlets in China Mainland in late 2003, as following:

Honmyue Enterprise Co. Ltd. and a USA company will jointly put NT$ 500 million (USD 1 = NT$ 34.7) in a plant specializing in household products in Qingdao, in east China's Shandong Province. Honmyue takes a stake of 30 of the new plant.

Sanko Group Corp. China Mainland Branch will not be operational till the first quarter of 2004. In addition, Sanko Group will also put USD 1.2 million in a resin factory in Guangdong Province ...

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