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SIP CaYuan Electrical Opens a New Plant

An opening ceremony was held on June 8 at East Zone of Loufeng Township, SIP, for the new plant of SIP CaYuan Electrical Co., Ltd.

SIP CaYuan Electrical Co., Ltd., jointly invested by investors from Singapore and domestic legal persons with a registered capital of 10 million USD, is a major manufacturing enterprise engaged in designing, production, sales and services of house electrical appliances. The company currently covers an area of 30,000 square meters. Among the major products is the series of patented vacuum cleaner, which sell well in North America, Southeat Asia, Central Europe, and North Europe.

The alliance formed by investors of Singapore and China displays their confidence in SIP and the development prospect of electronic industry in Loufeng Township.

In the wake of vigorous development of electronic industry in SIP, Loufeng Township is going all out to build a backup industrial zone for electronic industries, and as a result, a number of electronic and house electrical appliance manufacturers have been introduced into the township. The entry of CaYuan Electricl Company has added a significant momentum to the sustained growth of electronic industry in Loufeng.

June 12, 2006

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