PLUS Opens Breakthrough Manufacturing and Distribution Center in the Peoples Republic of China.Business Editors & High Tech Editors ALLENDALE, N.J.--(BUSINESS WIRE)--March 7, 2001 New PLUS(R)subsidiary, SHANTOU PLUS INSTRUMENTS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability ., becomes the first company to be licensed by the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
and sell digital projectors See data projector. in China Based in Shantou City, in the Guandong area of China, SHANTOU PLUS INSTRUMENTS is expected to produce 33,000 projectors during its first full year of operation, which commenced February 7, 2001 Moving aggressively to lower its manufacturing costs while taking an early lead in an important new geographic market, PLUS(R) Corporation of Japan today announced that it has opened the first digital projector production and distribution center in the Peoples Republic of China. The new center, which commenced operations on February 7, 2001, is a subsidiary corporation called SHANTOU PLUS INSTRUMENTS LTD., formed in partnership with the company's Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. based sales agent, ON SYSTEM LTD., and China based sales agent, SHANTOU XUNTAI CO., LTD. More importantly for the strategic long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. of PLUS(R), SHANTOU PLUS is the first company to be licensed by the Chinese government to manufacture and sell digital projectors in China. It is expected that SHANTOU PLUS will manufacture and distribute 33,000 units worldwide during its first full year of operation and enable the company to lower its overall cost of manufacturing - which will strengthen PLUS(R)' competitive position in worldwide projector markets. "The opening of this new production and distribution center in China will have a major impact on our worldwide sales and marketing efforts," today said PLUS(R) Corporation of America President Tom Oishi. "Because we are the first company to receive a license to manufacture and market digital projectors in the critically important domestic Chinese market, we can expect to realize immediate increases in our sales volume, which will add to our worldwide market share. At the same time, because this facility will effectively reduce our cost of manufacturing, PLUS(R) will be able to offer more competitively priced high performance digital projectors to an increasingly price sensitive global market." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Oishi, the announcement of the new China facility follows on the heels of last month's acquisition of Lightware and comes at a time when PLUS(R) is rapidly becoming a leading brand of high performance digital projectors and communications products in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. marketplace. "Last year, we increased our North American sales of digital projectors by 75% and introduced the world's first series of 3-lb. digital projectors. Our growth targets for 2001 are even more ambitious and we look for the new China facility to help us meet our aggressive sales and market share objectives." In addition to sales of its branded projectors, the company is now a leading OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and equipment supplier for a number of prominent projector companies. "As a company, PLUS(R) is focused exclusively on meeting the needs of mobile communications professionals. This is the focus of our entire R&D effort," Oishi explained. "Increasingly, therefore, this expertise is being put to use by a growing number of companies that are becoming our OEM partners. It is this combination of branded and OEM sales that will, we believe, help to ensure our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. success in the worldwide mobile presentations and communications marketplace." About PLUS(R)Corporation of America: Headquartered in Allendale, New Jersey Allendale is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 6,699. Allendale was formed on November 8, 1894 from portions of Franklin Township, Hohokus Township and Orvil Township at the height of the , PLUS(R) Corporation of America is an industry leading manufacturer and marketer of extremely sophisticated, ultra-lightweight, and ultra-portable digital projectors, full featured electronic copyboards, and real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. interactive white boards. PLUS(R) communications and information products are designed to provide mobile communications professionals as well as medical professionals, attorneys, teachers, trainers, and government agencies with an unprecedented degree of high performance value. The company is a wholly-owned subsidiary of PLUS(R) Corporation of Japan, a 50-year old, $1.5-billion manufacturer and marketer of presentation, office, and communications products. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion