![]() SUN EAST TECHNOLOGY (HOLDINGS) LIMITED Establishes SMT equipment joint venture with Rehm of Germany
Hong Kong, July 18, 2004 - China's leading electronics production equipment supplier Sun East Technology (Holdings) Ltd (SEHK: 365) announces a 50:50 joint venture with Rehm Anlagenbau GmbH of Germany to engage in the production of SMT (surface-mount treatment) equipment in Shenzhen, China. With a registered capital of HK$10 million, the joint venture Rehm-Suneast SMT Equipment (SZ) calls for an initial investment of HK$1 million. The new facilities have become operational in May 2004.
Rehm Anlagenbau GmbH looks to the joint venture as a vehicle to tap the average annual growth of 2,000 SMT production lines in China, and to position itself closer to the market to enable much shortened shipment leadtime. With a floor area of 3,500 sq m, the joint venture facility is expected to turn out 100 lead-free reflow soldering systems per annum. Mr Joe But Tin-fu, Chairman of Sun East Technology, noted: "We anticipate strong demand for lead-free soldering equipment as the new lead-free requirements for the electronics industry are fully implemented in July 2006 in Europe and China. The joint venture with Rehm will lead Sun East's first forays into the high-end arena and new overseas markets including Europe and the US." About Sun East Technology About Rehm Anlagenbau GmbH Issued by : Through : |