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BMC ANNOUNCES EQUIPMENT SALE TO CHINA

 MINNEAPOLIS, April 29 /PRNewswire/ -- BMC Industries, Inc. (NYSE: BMC) today announced a $26 million agreement for providing aperture mask production equipment and related technology to a manufacturing facility in the Peoples' Republic of China.
 The equipment and technology were sold to China National Electronics Import and Export Corporation for the new facility in Yantai. The aperture masks produced by this plant will be used in color television tubes produced in China.
 The first technology fee is scheduled to be received next month, and the aperture mask equipment is expected to be shipped by May of 1995. In addition to the $26 million, the company will receive royalties on products manufactured at the Chinese facility for a 10-year period following installation.
 Paul B. Burke, BMC's president and chief executive officer, said, "This agreement offers BMC a cost-effective opportunity for serving the growing Chinese market in a way that will not interfere with our efforts in other markets. It will make a significant contribution to our revenue and earnings streams over the next three fiscal years. Beyond that point, BMC will continue to benefit from substantial levels of royalty income."
 In a previous contract, the company provided production equipment and technology for an aperture mask facility in Nanjing, China, in 1991 for approximately $18 million plus royalties payable over a 5-year period. The first payment of royalties on masks manufactured at the Nanjing facility, which became operational in October 1992, is due in the second quarter of this year.
 BMC is a major manufacturer of precision etched metal components, including aperture masks for the cathode ray tubes of color televisions and computer monitors. BMC is also a leading producer of polycarbonate, plastic and glass eyewear lenses. The common stock of the company is traded on the New York Stock Exchange under the symbol BMC.
 -0- 4/29/93
 /CONTACT: Merle D. Kerr, CFO of BMC, 612-851-6020/
 (BMC)


CO: BMC Industries, Inc. ST: Minnesota IN: SU:

KH -- MN004 -- 2436 04/29/93 08:09 EDT
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Date:Apr 29, 1993
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