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Japanese co Nikon to expand investment in Wuxi, China

NANJING, Sept 12, 2008 (Asia In Focus via COMTEX) --

Japan's NIKON (TSE:7731) has decided to add registered capital for its plant in Wuxi, an industrial city in East China. The Wuxi plant has become a new point of profit growth for the world famous optical product producer, said vice president of the company in Wuxi on September 9.

* New investment will be earmarked for building new factory buildings, while Nikon will transfer production of product of higher added value to Wuxi in the future.

* Nikon invested US$60 million to found the Nikon Optic Instrument (China) Co., Ltd., in Wuxi New Area in June 2002, mainly engaged in R&D, production and sales of optical instruments and digital cameras.

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Related terms: china, industrial, investment, japan, optical, plant, president, profit, sales

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