GE PLASTIC ASIA-PACIFIC HEADER QUARTER MIGRATED TO SHANGHAI

AsiaInfo Services, July, 2002

AsiaInfo Services 07-05-2002 GE Plastic Asia-Pacific Header quarter Migrated to Shanghai SHANGHAI, Jul 05, 2002 (AsiaPort via COMTEX) -- The GE Plastics Group recently announce here that they would have their Asia-Pacific Headquarters migrated to Shanghai from Tokyo. The CEO of GE Plastics expressed that due to the dramatic changes in world economy, the pivot of Asian economy has been shifted toChina from Japan.

He pointed out that 80% to 90% Japanese big enterprises have popped up factories in China, which showed prosperous future of Chinese market. The migrate will cost themUS$ 2 millions. It is revealed that GE Plastic currently has 1400 employees in Asia-Pacific region, among whom 750 are Chinese. What's more, theinvestment volume and research work are...

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