Leading Japanese technology provider establishes Hong Kong office

One of Japan's leading electronics and networking solution providers, ITX E-Globaledge Corporation, today (February 26) opened its regional office in Hong Kong to tap the huge market potential in the Mainland.

Operating under the company name ITX E-Globaledge Hong Kong & China Limited, the new office will oversee business operations in China, including the representative office in Shanghai.

The company focuses on key business segments, including 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.

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 companies which has an annual turnover of 331 billion yen. The major shareholders are Olympus, Nissho Iwai-Nichimen and Funai.

At today's opening ceremony, the President and Chief Operating Officer of the new Hong Kong office, Mr Tomoaki Yokoyama, said China was recognised as the future of electronics industry, and it was clearly one of the company's key target markets.

"The 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 our unique business model from Japan, the US and EU; and we will introduce Chinese technology to the world," he said.

The Acting Associate Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Tsang, said the presence in Hong Kong of another leading electronics company further strengthened the city's position as the international business hub of Asia.

Ends/Thursday, February 26, 2004