| TUESDAY APRIL 18 2000 PUBLISHED BY CHINA DAILY | |||||
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Service sector full of potential Sino-EU talks on WTO push shipping high Certificates for OTC medicines to be discussed Jinjiang gets five-star rating Epson offers long-lasting prints In search of sub-contracts Internet, mobile phone match up Website offers sympathy over big and small ills Serviced offices come to Shanghai |
Bayer to build Pudong R&D centre CHEMICAL company Bayer of Germany last week announced an investment of $10 million in a research and development centre for applied polymer technology in Pudong's Jinqiao Export and Processing Zone. The centre, the first one of its kind to be established by the group in the world, fully displayed Bayer's confidence in Pudong's development. Pointing to General Motors, Sharp Electronics Producing Co Ltd and other manufacturing companies around where Bayer's centre is to be established. "It will be one of the most promising zones for the manufacturing and sale of autos, auto parts and domestic electronics in China. We expect good results from the centre here in Jinqiao," said an officer from the Bayer China Co Ltd, Shanghai representative office. Besides the research and development centre, Bayer is also planning to establish an integrated chemical site in Shanghai's Caojing Chemical Industry Park, with a total investment of over $2.5 billion. The letter of intent for one of the projects in this plan to set up a $450 million polycarbonate production line has been signed, he said, adding other projects are still under negotiation. "This investment plan will be Bayer's largest investment into China," said the officer. "The technological centre in Pudong can also support the production lines in Caojing and other areas in China." Copyright 2000 by Shanghai Star. All rights reserved. |
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