Japan's Seiko and the top 300 billion U.S. dollars in investment in overseas factories in eastern China

Japan's Seiko Co., Ltd. is a Fortune 500 company, will invest 300 million U.S. dollars to build a plant in the inland province of Anhui in October 2011, the company's largest overseas investment in factories So far, said Wednesday that local authorities.

Seiko Corporation of Japan on Monday signed a provincial capital of Hefei, Hefei High-tech Development Zone Management Committee agreed to set up Hefei Seiko Co., Ltd., said Li Bing, head of the committee.

Although this is 12 by the Seiko factories in the Mainland, which is its first inland facility, according to Lee.

"This is the first factory in China Mainland incorporated, which indicates that we have made the first step in a long journey, " said Norio Otsuka, president of Seiko Co., Ltd.

NSK Hefei of the building will begin in October 2011 and the company is expected to commence operation in August 2012, Li said.

The plant, covering an area of 200 mu (13.3 hectares), is expected to have an annual sales of 3 billion yuan (463 million U.S. dollars) and pay 80 million yuan in taxes annually, said Li.

Japan NSK, Japan's first manufacturer of bearings, founded in 1916, production of automotive products, precision machinery and parts, and mechatronics products. It has 12 countries established 40 production bases.

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