Asia Express - Mobile Communications
Mobile Communications - Nokia Increases Beijing Investment
June 01, 2005
Nokia will increase investment in Beijing's Star-Net industrial park by 300 million RMB (US$ 36.2 million; US$1=8.28 RMB). Nokia has started expanding the first phase of its investment project in the industrial park and has made a beginning with the second phase. Companies involved in the expanding first phase include Beijing Sanjian, Nanjing Zhongding Electric Co., Sanyo, Golden Eagle International Group and Vision Digital. Participating within the second phase investment will be Ibiden, Perlos Oyi, Korean Mirae and Zhengyuan.