rtokens: The partners will invest around $ 30 million in the existing copper cable plant at Wuxi to update technology and include optic fibre production , with annual turnover expected to reach $ 60 million within the next few years .
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tokens: Pirelli is linking with Hong Kong-based group CITIC Pacific in a venture to be called the Wuxi Tong Ling Company Ltd , which will operate in partnership with a local industrial company at its existing factory in Wuxi , Jiangsu province , Shanghai .
ltokens: Italian tyre and cables giant Pirelli on Friday announced its long-awaited move into China with a cables joint venture set to capitalise on the rapidly-growing Chinese telecommunications market .