Piotech plans hefty sales, eyeing IPO

Experts say the revitalization of China's northeast depends on innovative industry

Piotech Co Ltd, China's leading nano-scale semiconductor equipment manufacturer, expects this year's sales to double, reaching 90 million yuan ($13.57 million), according to a senior official from the company.

Chien Chiang, chairman and founder of Piotech, told China Daily that annual sales will continue high-speed growth this year and that the company plans to go public in three years.