Molten Ball Plant in China to Launch Operation, Eying Beijing Olympics
Posted on: Friday, 21 April 2006, 12:00 CDT
By Kyodo News International, Tokyo
Apr. 21--HIROSHIMA -- Sport ball maker Molten Corp. said Friday it has built one of the world's largest plants in China to start production of soccer, basket and other balls on May 1 prior to the 2008 Beijing Olympics.
The $14 million plant, located in Jiazing about 90 kilometers southwest of Shanghai, will produce 1 million balls in the initial year and expand annual production to 7 million to 8 million balls by 2010 on the strength of the Olympics, the Hiroshima-based company said.
"Molten is willing to market its balls throughout China by the time of the Olympics," said Molten President Fumiya Tamiaki.
Molten expects to boost annual sales in China to 2 billion yen and capture 10 percent of China's ball market in fiscal 2010.
-----
To see more of Kyodo News International, go to http://www.kyodonews.com
Copyright (c) 2006, Kyodo News International, Tokyo
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
Source: Kyodo News International, Tokyo
Related Articles
- China: Olympics turned a profit
- China Solar & Clean Energy Solutions to Present at 2009 China Ji'nan International Solar Utilization Convention and Exhibition
- China Mass Media International Advertising Corp. to Announce Fourth Quarter and Full Year 2008 Financial Results on February 24, 2009
- Missiles, 100,000 Police on China's Olympic Team
- Air China and AirPlus International Announce Strategic Partnership
- China Hopes Olympics Return International Prestige to Middle Kingdom
- China to Continue International Cooperation for Energy Security - Researcher
- China to Strengthen International Cooperation in Archaeology
- China Motion Telecom International installs eQueue contact center solution
 |
 |
User Comments (0)
RSS Feeds