Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Tuesday, September 12, 2000, updated at 22:55(GMT+8)
Business  

China's Electronics Producers to Merge into No. 1 Company

Officials in the eastern coastal province of Shandong confirmed Tuesday that two large local electronics producers are negotiating on a merger, which, if successful, would become the country's largest electronic products manufacturer.

A local official, who declined to give his name, said the Qingdao-based Hisense Group and the Jinan-based Langchao Electronic Information Industrial Group. Co. have been discussing the details for the merger for nearly one year.

The merger will enable the new company to dwarf the Beijing-based Legend Group, China's largest computer developer, and the Sichuan-based Changhong Group, the largest electrical household appliances producer, becoming the leading electronics producer nationwide.

Hisense, established in 1994, mainly produces TVs, air conditioners, computers and software. It ranked among China's top ten electronics manufacturers with a sales volume of 10.7 billion yuan (about 1.28 billion U.S. dollars) in 1999.

Langchao is so far the largest server producer in the country. It reported a sales volume of nearly four billion yuan last year, ranking 22nd among the country's electronics companies.

Shandong is the third-largest economic power in China after Guangdong and Jiangsu provinces.




In This Section
 

Officials in the eastern coastal province of Shandong confirmed Tuesday that two large local electronics producers are negotiating on a merger, which, if successful, would become the country's largest electronic products manufacturer.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved