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Japan's top technology solutions provider, ITX E-Globaledge Corporation, announced today (February 26) that it has selected Hong Kong as the location of its regional office to tap the huge market potential in the Mainland China. Operated under the company name ITX E-Globaledge Hong Kong & China Limited, the Hong Kong office will oversee business operations in China, including the representative office in Shanghai.

ITX E-Globaledge is one of Japan's leading electronics and networking solution providers. The company focuses on key business segments, namely mobile and wireless communications, networking and computing, PC peripherals, key components and devices, automated testing equipment for printed circuit boards and power suppliers, and opto-devices and semiconductor manufacturing equipment. It provides solutions to its corporate customers by integrating technology, development and engineering, marketing and logistics.

At today's opening ceremony, the President & COO of ITX E-Globaledge Hong Kong & China Limited, Mr Tomoaki Yokoyama said, "China is recognized as the future of electronics industry, and it is clearly one of our key target markets. The new Hong Kong office will play an important role in our business development in China, especially in the South China region. The Hong Kong office will enable us to expand our function in China to bring in advanced technology and unique business model from Japan, the US and EU and bring out those from China to the world.

Mr Yokoyama explained why the company decided to build up its presence in Hong Kong. He said, "Hong Kong provides us with an excellent business environment to grow our business in the region, especially the Mainland China. The availability of a pool of local talent with expertise in our IT industry and language capabilities - fluency in Japanese, English and Chinese - also made it more attractive for us to set up an office here. These unique offerings of Hong Kong cannot be matched by other Asian markets."

"We also appreciate the geographic location of Hong Kong. Our Hong Kong office will provide our corporate customers, suppliers, and partners in the region with solutions and also serve as a window to the international market by handling trading business to overseas markets for the headquarters."

Established in 1990, ITX E-Globaledge Corporation has an annual turnover of 10.4 billion yen. The company has operations in the US, Singapore, Manila, and Shanghai. It also conducts business in London, Seoul, Taipei and Bangkok under its affiliates. It is a subsidiary of ITX Corporation, one of Japan's top IT business creation company which has an annual turnover of 331.3 billion yen. The major shareholders are Olympus, Nissho Iwai-Nichimen, and Funai.

The Acting Associate Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Tsang, welcomed the company's decision to come to Hong Kong. He said, "We are delighted to see another leading electronics company chooses Hong Kong to set up its regional office. This further strengthens the city's position as the international business hub of Asia. Given the benefits of doing business in Hong Kong, we anticipate more foreign companies will set up their regional operations here to access the Mainland China and other Asian markets."

Invest Hong Kong is the government department dedicated to attracting and retaining overseas investment to Hong Kong.

Ends/Thursday, February 26, 2004

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