Ericsson Builds New Joint Venture in ChinaThe world's leading telecommunications equipment manufacturer, Ericsson, has set up a new joint venture here, with a total investment of 12 million US dollars.The new company, Chongqing Ericsson Communications Co., Ltd., will mainly produce microwave transmission systems, and provide system installation, client training and consulting services. Monthly production capacity is expected to reach 1,500 such transmission systems by the end of this year, according to company executives. Jan Malm, president of Ericsson Mobile Communications Co., Ltd. (China), said that the new company is likely to become Ericsson's global provider of microwave transmission systems and other telecom products. The company will also enhance Ericsson's cooperation with China Telecom, the largest telecommunications service provider in the country, and other industries to meet the increasing local demand, he said. Ericsson now has 24 representative offices, ten joint ventures and three solely-owned enterprises in China, with nearly 4,000 employees. |
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