CHINA: Construction start-up on proposed optical fiber plant is tentatively scheduled to begin some time during the year 2002, LG CABLE [South Korea] - Order #: 122201.

WWP-Business Opportunities in Asia & the Pacific, December, 2001

PROJECT OVERVIEW:

According to LG CABLE of South Korea, China is emerging as the third largest market for optical cables after the United States and Europe. US-based CORNING and ALCATEL of France, for that matter, have already built a base to manufacture optical cables in China through deals with local governments and companies.

Industry experts have established that the Chinese optical fiber and cable market currently amounts to $600,000,000 or 10% of the world's consumption. And, with this growing by an average of 10% per year demand is expected to reach $1,000,000,000 within a few years time.

LG thus considered it imperative that it enhance its profile in order to take advantage of the potential increase in demand. As a matter of fact,...

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