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Strategies & Market Trends : Greater China Stocks
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To: Julius Wong who started this subject2/22/2003 9:09:59 AM
From: Julius Wong  Read Replies (1) of 8334
 
Sony Will Boost Production of Digital Cameras in China Tenfold

Tokyo, Feb. 22 (Bloomberg) -- Sony Corp., the world's second- largest consumer-electronics maker, will increase production of digital cameras in China tenfold to meet demand for the devices in Asia's fastest growing market and to lower costs.

Sony, which has a fifth of the world's digital-camera market, will increase production to 500,000 units in the fiscal year starting April 1, Sony spokeswoman Mami Imada said, confirming an earlier article in the Nihon Keizai newspaper. The cameras, which will be made at a Shanghai plant, will be sold in China, she said.

quote.bloomberg.com
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