Business Services Industry
CHINA: Joint venture construction plans for proposed $30,000,000 fiber-optic cable plant, DRAKA HOLDING NV [Netherlands], CHINA TELECOM & CGIC OF CHINA [China] - Order #: 011002.
WWP-Business Opportunities in Asia & the Pacific, January, 2002
PROJECT OVERVIEW:
A Sino/Dutch joint venture, operating under the name of YOF/C, was recently established in view of building a new telecommunications plant in China. The partners in the planned undertaking include Netherlands-based DRAKA HOLDING NV in conjunction with the local CHINA TELECOM and CGIC OF CHINA. In so doing, DRAKA will take a direct 25% stake in the venture and share the balance of the equity with its 2 associates.
Construction plans under consideration call for building a fiber-optic cable plant. The new facility, to be sited in Shanghai, is expected to require an investment of $30,000,000 to build. Product output will consist of standard optical fiber as well as cable for LAN applications and also for the so called JETnet System....
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