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Article: Boeing breaks ground on 21 mln US dlr expansion of China venture
- Article from:
- Xinhua News Agency
- Article date:
- November 19, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Boeing breaks ground on 21 mln US dlr expansion of China venture
BEIJING, Nov. 19 (Xinhua) -- The Boeing Company said that an
expansion of its China venture broke ground on Wednesday in north
China's port city of Tianjin.
The 21-million-U.S.-dollar project was launched after the global
giant acquired a majority stake in the Tianjin-based BHA Aero
Composites Parts Co. Ltd. (BHA) in July. Boeing also gained rights
to land adjacent to the venture facilities in the Binhai New Area.
Construction was expected to be completed by early 2010 and the
new facility would be fully operational by 2013, the U.S. company
said. The expansion would increase capacity by about 60 percent by
2013 and ...