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| US Company 3M's Shanghai Expansion |
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The 3M Company, a US multinational, started work Thursday on expanding its Shanghai research and development (R&D) center. The project will enlarge 3M China's R&D center from the current 33,652 to 61,252 square meters and double its research staff to nearly 600 by July next year, according to company officials. "The base will serve as an important R&D hub for 3M's global business," said Kenneth Yu, 3M's managing director for China Mainland, Hong Kong and Taiwan. "It’ll enable the company to better supply products needed in the industries of electronics, telecommunications, automobiles, shipping, aviation, medical care, housing and leisure," company officials said. Fortune Top 500 company 3M - the Minnesota Mining and Manufacturing Company - started building its China center last year at the Caohejing Development Zone with an investment of more than US$40 million in three phases. The base went into operation in June this year. The Caohejing base is the world's largest producer and exporter of projectors, according to the company. The century-old transnational company registered 3M China Limited in Shanghai in 1984. (Xinhua News Agency November 17, 2006) |
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