Posted by admin | Posted in Computers and Technology | Posted on 02-11-2009
Author: Anonymous
A delegation from Beijing Seven Stars Co. Ltd. will visit United States from November 25, 2001 to December 7, 2001 to complete negotiation of the definitive contracts for setting up a small form factor assembly project with Illinois-based Hytel Group,, car cd dvd player
, Inc. and California-based
International Technologies Network, Inc. (ITN)
The project will be located in Beijing, PRC and will produce small form factor assemblies for telecommunication, automotive, and medical sectors.
The total project cost is estimated at US$5.50 million. Small form factor assembly is a small but fast growing niche within the burgeoning electronics manufacturing services sector. Seven Stars, Hytel, and ITN will invest in the project. Hytel will provide the technology and know-how to the joint venture. Hytel and ITN will be responsible for marketing the products of the joint venture outside China.
Mr.Wang Yintong, CEO of Seven Stars, will head the four-person Seven Star delegation. Seven Stars is a group of seven companies, formerly under the Beijing Electronics Department, that have been clubbed together as part of the Chinese effort to restructure its economy. Seven Stars is planning an IPO in the domestic bourse within the next 18 months. Seven Stars has several joint ventures in China, including one with Murata, the giant Japanese chipmaker.
Hytel, which specializes in small form factor assembly, has established itself as a manufacturing partner for several Fortune 100 OEMs. For more information about Hytel, please visit http://www.hytel.com
ITN specializes in China ventures and is engaged in consulting, trading, venture development, and franchise development. ITN is a shareholder in China’s first ISO-9000-certified PCB manufacturer.
โโฆYour bridge to Chinaโยฎ is ITN’s registered trademark. ITN currently has offices in Los Angeles, Beijing, and Istanbul. ITN’s Trading Division exports electronic components and products manufactured in China to Europe. ITN’s products are supplied either under the ITN brand or on OEM/private label basis. Products exported by ITN include air-conditioners, consumer electronics (such as DVD, MP3 players, etc.
), printed circuit boards, heavy-duty batteries, and speakers for cars, home theaters, and televisions. ITN’s Consulting Division has consulted, car cd dvd player
, for such companies, car cd dvd player
, as Sheldahl, Inc. (Nasdaq: SHEL), Jabil Circuits, Inc., (NYSE: JBL), and Cookson Group plc (LSE: CKSN). ITN’s Franchise Division holds, through an investment company in Hong Kong, interests in the Master Franchise for Chem-Dryยฎ, car cd dvd player
, in China (including Hong Kong and Macao).
For more information about ITN, please visit http//www.itnusa.com
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Source: free-articles