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Celebrated Taiwan IT Co. Moves Into Loufeng, SIP

Billionton Technology (Suzhou) Co., Ltd. held a foundation laying ceremony on Dec. 28 in Loufeng Township, SIP, for its plant, which is the first investment project of Billionton in the Mainland. A star hi-tech enterprise to move into Loufeng Township this year, the initial investment of the project amounts to 5.4 million US dollars, and the phase-1 plant will cover 40,000 square meters on a land area of 8 hectares. The future products will be diversified hi-tech electronic products relating to Bluetooth wireless communication, computer communication network, memory module, and multimedia systems, etc.

Billionton emerged as a hi-tech enterprise by the end of the 20th century in Taiwan, its parent company being the financially powerful Fu Tsu Construction Co., Ltd., the largest construction group in Taiwan. Billionton made head-on advancement in a matter of few years to rank the first and second respectively in the products of Bluetooth wireless communication and computer communication network modules in Taiwan, and many of its electronic products won international grand prix. The company was listed in Taiwan in 2004, and many hi-tech enterprises such as Lianhua Electronics joined the Billionton shareholders.

In recent years, Loufeng Township has attracted a cluster of well-known international hi-tech enterprises. It has become one of the fastest growing townships in the field of electronics technology in Jiangsu Province. The entry of Billionton will speed up the process of new and hi-tech industrial development in Loufeng.

SIP Party Working Committee and Sipac have given high regards to the Billionton project. Ma Minglong, Deputy Secretary of SIP Party Working Committee and Director of Sipac, attended the foundation laying ceremony.

Dec. 28 2005

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