Shenyang Special: Shenyang's Tiexi district shines as industrial star
By Wu Yong and Liu Ce | China Daily | Updated: 2010-01-11 07:58
South Korea-America Rail Co Ltd, a maker of elevator equipment, will invest $25 million to start a new company in the Shenyang Economic and Technological Development Zone in Liaoning province.
The 6,000-sq-m production facility is expected to be operational in August after the company signed an investment agreement with the zone's administrative committee on December 30 last year.
Based in the Tiexi Modern Construction Industrial Park, the company will manufacture high-speed elevator guide rails.
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