--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

The Ministry of Foreign Affairs
The Ministry of Foreign Trade and Economic Cooperation
Permanent Mission of the People's Republic of China to the UN
Permanent Mission of the People's Republic of China to the United Nations Office at Geneva and other International Organizations in Switzerland
Foreign Affairs College
Institute of American Studies Chinese Academy of Social Sciences
US Disk-drive Giant Sets up Subsidiary in China
Maxtor, the world's largest disk drive manufacturer, Monday began construction of a subsidiary in Suzhou, a city in east China's Jiangsu Province.

The first investment in China of the United States giant, the Maxtor Technology (Suzhou) Co. Ltd. will cost US$200 million to set up and will be operational late next year.

The company will specialize in the production of high-quality disk drives for desk-top computers from a 2.2-million-square-meter plant at the Suzhou Industrial Park. Most of the products will be sold on the Chinese market.

Established in 1982, the California-based company made US$3.8 billion in 2002. It employs 12,500 people worldwide.

(Xinhua News Agency March 18, 2003)

Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688