June 22, 2016
The company stated that the name change “reflects the company consolidating all the subsidiaries and extending the products and services” that it offers, with “the goal of improving quality, lowering costs and increasing the sales scope”. With the name change having already been made, it will be “implemented on the company’s products and services throughout the year”.
In turn, CET Group pointed out that the change of the corporate name will tie in its R&D, manufacturing, testing, domestic and international sales and customer support units, with the group featuring a “registered capital” of ¥200 million ($30.3 million/€26.9 million). The company revealed in May that it would be relocating its manufacturing operations to the Caofeidian Industrial Zone, located in Tangshan City in Beijing, Tianjin and Hebei province, and opening a fifth subsidiary – Yingmei Technology Co., Ltd.
The relocation is “scheduled for completion by the end of 2017”, it noted at the time, with 300 new jobs to be created in corporate, technical and R&D roles. CET added that “many of the jobs will come from Beijing, but others will come from other locations or be new to the company”.
Categories : World Focus