LGInternational Signs Wuxi, China Investment Letter of Intent
8 June 2006
LGInternational, manufacturer of labeling solutions, participated in a ceremony organized by the Wuxi Municipal government to promote the Wuxi National High-Tech Industrial Development Zone. The ceremony was held as part of the Wuxi China-Silicon Valley IT Industry Symposium and was hosted by the Wuxi Municipal People's Government and co-hosted by Wuxi National High-Tech Industrial Development Zone (WND) and North America Chinese Semiconductor Association (NACSA). The event showcased the newest U.S. investments to the area, including six U.S. companies.
As part of the event, Mike Martin, President of LGInternational, signed a letter of intent to invest in the WND through the establishment of operations at the Wuxi Singapore Industrial Park (WSIP). As a provider of labeling solutions for technology-based industries, LGI has many domestic customers with manufacturing operations in China. "The new office in Wuxi enables LGI to better service our in-country customers while expanding our customer base in a region that is experiencing impressive growth in the technology industry," explains Mike Martin.
