Companies

Harman to invest $100m more in China

(Agencies)
Updated: 2010-10-26 11:32
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Harman International Industries Inc, the global audio and entertainment products maker, plans to invest $100 million to boost its manufacturing and research capabilities in China, Bloomberg reported on Monday.

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With the new investment, Harman plans to create two new manufacturing operations in Dandong, Liaoning province.

The US company invested $75 million to start up its manufacturing and research operations in Shanghai, Suzhou and Shenzhen between 2007 and 2008.

Harman plans to capture a growing share of China's continued expansion in automotive, professional and consumer audio products and services, Bloomberg reported, citing Dinesh C. Paliwal, the company's chairman, president and CEO.